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WestCap and Peter Thiel-backed FLYR Labs closes $150M Series C

– FLYR Labs, a deep learning platform for airlines, raised $150m in Series C funding.
– The funding round was led by WestCap, with participation from Silver Lake Waterman, WndrCo, as well as Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures and Gopher Asset Management.
– The company plans to use the funding to grow its core business and expand into other verticals.

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Agile Space Industries Raises $1.8M In Funding

– Agile Space Industries won the Greater Colorado Pitch Series Investment Competition.
– The company received a venture debt $1.8m commitment from Greenline Ventures.
– Agile Space Industries provides mission-optimized propulsion solutions on fast space timelines by coupling rapid prototyping with diagnostic testing and analysis.

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Air Transportation CleanTech E-Commerce North America Ride Sharing Shipping

Cloverly snags $2.1M seed to continue developing API to measure and offset carbon usage

– Cloverly, an Atlanta-based, early-stage startup, has developed an API that helps companies measure and then offset their carbon emissions.
– The company announced a $2.1m seed round led by TechSquare Ventures with participation from SoftBank Opportunity Fund and Panoramic Ventures along with Circadian Ventures, Knoll Ventures and SaaS Ventures
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– The company has hired former eBay exec Jason Rubottom as CEO in his place.

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Nowports raises $16M to build the OS for LatAm’s shipping industry

– Nowports, an automated digital freight forwarder in Latin America, has raised $16m in Series A funding.
Mouro Capital led the round for the Monterrey, Mexico-based startup.
Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator.
– A number of angels also put money in the round, including Justo.mx founder Ricardo Weder, Carlos Salinas from Luuna and Tinder co-founder Justin Mateen.
– The investment brings Nowports’ total raised since its 2018 inception to over $24m.

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Aerospace Air Transportation CleanTech Manufacturing North America

Beta Technologies adds $368 million in Series A funding for its electric aviation ecosystem

– Electric aviation startup Beta Technologies closed a $368m Series A funding round.
– The funding round was led by Fidelity Management & Research Company, with undisclosed additions from Amazon’s Climate Pledge Fund.
– The company’s valuation is now at $1.4 billion.

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Air Transportation Leisure North America Tourism Travel

Luxury air travel startup Aero raises $20M

– Aero, a startup backed by Garrett Camp’s startup studio Expa, has raised $20m in Series A funding.
– The round was led by Keyframe Capital, with Keyframe’s chief investment officer John Rapaport joining the Aero board.
Cyrus Capital Partners and Expa also participated.

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Aerospace Air Transportation Infrastructure North America

American Express Ventures Makes Strategic Investment in Boom Supersonic to Fuel the Future of Travel

American Express Ventures makes strategic investment in Boom Supersonic to fuel the future of travel.
– The funds will support the continued development of Boom’s flagship product, the supersonic airliner Overture.
– Boom is building the world’s fastest and most sustainable commercial airliner.
– Overture is slated to roll out in 2025 and begin commercial flights by 2029.
– Boom has $6 billion in pre-orders of Overture aircraft.

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Aerospace Air Transportation Europe Robotics

Volocopter Raises €200M in Series D Funding

– Volocopter is a Bruchsal, Germany-based urban air mobility (UAM) company.
– Company raised €200m in Series D funding.
– The round was led by new investors funds managed by BlackRock, Atlantia S.p.A., Avala Capital, Continental AG, Jericho Capital, NTT via its venture capital arm, Tokyo Century, a Japanese leasing company, family offices, and existing investors Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, and Klocke Holding.

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