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Longmont-based TechPubs disclosed that they had raised $473k in new funding and issued $3.4 million in stock in exchange for debt. The funding news comes as the company is gearing up to launch a new iPhone app that’ll be used by United Airlines flight attendants.
TechPubs, which was founded in 2008, makes software that is used by airlines to digitize their flight documents – or aviation Technical Documentation Management in industry lingo.
The company works in the highly regulated aviation industry, creating electronic versions of what used to be hard-copy manuals for pilots, maintenance crews and flight attendants. Their software allows airlines to distribute, update and maintain these sorts of documents electronically in a way that complies with FAA regulations.
Their clients include major airlines like Southwest, Etihad, United Airlines, Air Canada, Jet Blue and a bunch of others. Actually, the company says that a majority of top North American carriers use their software.
The company is relatively small, with 5 fulltime employees at their Colorado headquarters, and another 35 or so based remotely. In the future, the company plans on expanding their sales and marketing teams, as well as looking at expanding into other highly regulated industries.
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