Skift Take
One startup fundraise this week — the largest yet this year — also outdid the top two deals in 2023 by GetYourGuide and Klook.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
Four travel startups raised nearly $240 million this week, but one raise accounted for the vast majority of that.
With a series D round of $225 million in venture capital, Flyr's fundraise this week was the largest for a travel tech company this year or last year. It even outdid two major equity-debt raises last year by tours and activities platforms GetYourGuide and Klook, underlining the level of opportunity for modernizing airline retail.
Flyr: $225 MillionFlyr, a modern retail platform for airlines, has raised a series D round of $225 million.
WestCap led the round, with support from BlackRock, Streamlined Ventures, a wholly owned subsidiary of the Abu Dhabi Investment Authority, and the airline Avianca.
Flyr also raised $70 million in debt financing led by Vista Credit Partners.
Flyr said it has now raised over $500 million.
San Francisco-based Flyr says its AI-powered platform helps airlines offer dynamic pricing, personalized offers, and other digital products. The