Aero Technologies, the next-generation premium air travel company headquartered in San Francisco, has scored a $65 million capital raise. This includes $50 million in Series B funding and $15 million in convertible notes and takes the total post-money valuation to $300 million.
The investment round was co-led by Albacore Capital Group (that backed MindMaze), one of Europe’s leading alternative investment firms, and returning investors Expa and Keyframe Capital. Also, it saw participation from new investor – Capital One Ventures.
More routes in US and Europe
Aero Technologies will use the funding to drive its global market expansion and to further answer increased demand on existing routes. Currently, Aero offers flights to Aspen, Los Cabos and Sun Valley from private US terminals in Los Angeles (Van Nuys) and San Francisco (SFO), as well as Ibiza, Mykonos, and Nice from London’s Farnborough Airport.
“I am really excited to announce Aero’s Series B raise to further ignite growth and expand into new markets. Aero’s success over the last few years highlights that customers in both the US and Europe have been waiting for the Aero travel experience”, said Uma Subramanian, Chief Executive Officer of Aero. “Aero is growing fast, and we look forward to bringing the Aero experience to new markets in the coming months.”
“Aero has consistently delivered an unforgettable flying experience, and proven to be a leader in the next chapter of premium air travel,” said John Rapaport, Chief Investment Officer at Keyframe Capital. “Aero has built a recognisable brand and a thoughtful jet service that customers love. We are excited to continue building upon Aero’s successes and to be by their side to develop next-level global air travel experiences.”
Redefines semi-private air travel
Founded by Garrett Camp and Jake Seip in 2014 in San Francisco, Aero is an air travel company that matches air travelers with premium seats or shared charters. It provides ticket resale for flights as an agent of registered air carriers and redefines semi-private air travel.
The company serves premium leisure travellers through private terminals, enriching the experience with personalized Concierge services, from booking to touchdown. With its fleet of sleek, black planes, Aero offers elevated, effortless guest experiences to curated destinations within the US and Europe.
In the post-COVID era, Aero priorities on safety and booking flexibility. It lets users book, board, and travel with greater peace of mind. Launched with Covid-19 health and safety procedures in mind, Aero continually monitors the latest protocols to help ensure the well-being of every guest and employee. Users can with confidence and enables them to change or cancel the trip up to 48 hours before departure.
