Aero, a semi-private ticketing agent, announced a US$65 Million capital raise; US$50M in Series B funding and US$15M in convertible notes, for a total post-money valuation of US$300M.
Operating in the US and Europe, Series B funding will be used to drive the company’s global market expansion to meet increased demand on existing routes. Aero currently 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.”
The funding round was co-led by AlbaCore Capital Group, Expa and Keyframe Capital, with new investment from Capital One Ventures.
John Rapaport, chief investment officer at Keyframe Capital said, “Aero has built a recognizable 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.”