Flyr, a cutting-edge retail platform for airlines, has recently secured a series D round of funding, amassing an impressive $225 million. This not only marks the largest fundraising campaign in the travel tech industry for both the last year and this year, but it also surpasses the noteworthy equity-debt raises by GetYourGuide and Klook, two prominent tours and activities platforms, in 2023.
The startup’s remarkable achievement highlights the immense potential for innovation and modernization in airline retail. The significant investment demonstrates the industry’s recognition of the power of Flyr’s AI-powered platform, which enables airlines to offer dynamic pricing, personalized offers, and various digital products.
The funding round was spearheaded by WestCap, with strong support from BlackRock, Streamlined Ventures (a subsidiary of the Abu Dhabi Investment Authority), and the airline Avianca. Additionally, Flyr successfully secured $70 million in debt financing, led by Vista Credit Partners, further strengthening its financial standing.
With this recent funding, Flyr’s total raised capital now exceeds an impressive $500 million. This substantial financial support will undoubtedly fuel the company’s ambitions to revolutionize how airlines interact with their customers and enhance the overall travel experience.
Flyr’s innovative approach to airline retail, coupled with its substantial financial backing, positions the startup as a significant player in the travel tech industry. The future of airline retail is poised for a transformative shift, and Flyr is at the forefront of this exciting evolution.