Fundz

Aero Raises $65M For Its Semi-Private Airline

PRIVATEAug 18, 2022

Amount Raised

$65 Million

Round Type

Funding Round

United StatesHospitalityLeisureTravel

Description

Aero Technologies, which describes itself as a “next-generation air travel company” which currently operates on a limited number of routes in the U.S. and Europe, today announced that it has raised $65 million, with $50 million of those as a Series B funding round co-led by Albacore Capital Group and $15 million in convertible notes. Expa and Keyframe Capital, as well as new investor Capital One Ventures also participated in this route. The company, which previously raised a $20 series A round in 2021, now has a valuation of $300 million.

Quick answer

Aero Technologies raised $65 Million in a Funding Round round, dated August 18, 2022. Aero Technologies is based in United States.

How much did Aero Technologies raise?
Aero Technologies raised $65 Million in a Funding Round round on August 18, 2022.
What does Aero Technologies do?
The company, which previously raised a $20 series A round in 2021, now has a valuation of $300 million.
Where is Aero Technologies based and how big is it?
Aero Technologies is based in United States.

Source: Fundz verified event record.

Who else raised in Hospitality and Leisure around the same time

Companies in the same sectors as Aero Technologies that raised within 45 days of this round, from Fundz verified event records.

  • Volantio raised $6M (Series A) on September 29, 2022.
  • Mondee Holdings raised $85M on September 29, 2022.
  • StayVista raised $5.2M (Funding Round) on September 7, 2022.
  • Zumper, Inc. raised $30M (Funding Round) on August 25, 2022.
  • 57hours raised $2.3M (Seed) on August 23, 2022.
  • Qstay raised $6.5M (Seed) on July 23, 2022.

Who to call at Aero Technologies, and when

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Company Information

Company

Aero Technologies

Location

1Wd

United States

About

The company, which previously raised a $20 series A round in 2021, now has a valuation of $300 million. The company operates a fleet of 16-seat Embrear 135 regional jets and 13-seat Legacy 600 planes (the business version of the Embrear 145) and unlike most of its competitors in this space, the company focuses exclusively on the leisure market. The company, which uses private terminals at the airport it serves, will adjust its schedule based on customer demand (and the seasons) as it expands its fleet in the coming months. ”She added that word of mouth has been a major driver for its business, in addition to the partnerships the company has fostered with high-end members clubs and hotel chains. The company plans to use the new funding to expand into new markets. Subramanian wouldn’t say which routes the company was planning to add but she did stress that the company is long on the L.A. market.

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Aero Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.