What is Aero?
Aero is pioneering a new era in premium travel, aiming to make flying to the world's best destinations an experience that is both accessible and enjoyable. The company differentiates itself from traditional commercial airlines by providing nonstop flights between private airports, thereby allowing travelers to bypass crowded terminals and enjoy the benefits of private air travel at a cost comparable to first-class tickets. This innovative approach targets a market seeking efficiency, luxury, and a renewed sense of pleasure in their journeys.
How much funding has Aero raised?
Aero has raised a total of $101M across 4 funding rounds:
Other Financing Round
$16M
Series A
$20M
Debt
$15M
Series B
$50M
Other Financing Round (2019): $16M, investors not publicly disclosed
Series A (2021): $20M led by Expa, Cyrus Capital Partners, and Keyframe Capital Partners
Debt (2022): $15M, investors not publicly disclosed
Series B (2022): $50M featuring AlbaCore Capital, Expa, and Keyframe
Key Investors in Aero
Expa
Expa is a venture studio founded by Uber co-founder Garrett Camp, dedicated to helping entrepreneurs build and launch new companies. They provide access to capital, office space, and a strong network, focusing on bringing innovative ideas to market.
Cyrus Capital Partners
Cyrus Capital Partners is an investment adviser specializing in global investments in securities and loans, employing strategies across debt, equity, and derivatives to generate high absolute returns. They focus on deep value and legal opportunities.
AlbaCore Capital
AlbaCore Capital Group is a European credit manager focused on private credit and special situations investments, providing private capital solutions and direct lending with an emphasis on capital preservation and risk-adjusted returns.
What's next for Aero?
With the recent major strategic investment and a significant overall funding base of $101M, Aero is poised for accelerated expansion and service enhancement. The company's focus on enterprise-level funding suggests a strategic push towards scaling its operations, potentially expanding its network of private airports, enhancing its fleet, and further developing its technology platform. This capital will likely fuel initiatives to solidify its position as a leader in the premium and private aviation market, offering a superior alternative to conventional air travel.
See full Aero company page
