What is Hangar?
Hangar Aerospace specializes in providing comprehensive material support for the aviation industry, focusing on certified aircraft parts. The company ensures rapid, round-the-clock delivery, catering to critical AOG (Aircraft On Ground) emergencies as well as standard maintenance requirements. Hangar distinguishes itself through its extensive inventory and swift logistics, enabling it to serve clients almost anywhere globally. Their expertise extends to asset management and flexible sourcing strategies, aimed at maximizing return on investment for their clients while streamlining procurement processes. The company operates with a team of aerospace specialists, adhering to stringent quality standards to integrate seamlessly into existing client workflows.
How much funding has Hangar raised?
Hangar has raised a total of $6.5M across 1 funding round:
Angel/Seed
$6.5M
Angel/Seed (2016): $6.5M with participation from Lux Capital
Key Investors in Hangar
Lux Capital
Lux Capital is a New York-based venture capital firm that invests in early-stage and growth-stage companies at the intersection of science and technology, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials.
What's next for Hangar?
The substantial enterprise-level backing Hangar has received, culminating in a total funding of $6.5M, positions the company for significant scaling and operational expansion. The recent strategic investment, amounting to $6.5M, signals strong confidence from investors in Hangar's business model and its capacity to innovate within the aerospace supply chain. This financing is likely to fuel advancements in inventory management technology, logistics network optimization, and potentially the expansion of its service offerings to new geographic markets or specialized aviation segments. Hangar is poised to further solidify its market leadership by enhancing its speed, reliability, and breadth of certified parts.
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