$10M Investment Positions Flightdocs for More Growth

Flightdocs has closed on a $10 million strategic investment from Argentum to fuel growth and further development of its cloud-based maintenance, compliance and inventory management software for the business aviation industry.

The company currently provides its software to Fortune 1000 flight departments, air medical service providers, air charter and fractional aircraft operators, regional airlines and law enforcement departments. Its software helps owners ensure aircraft safety, comply with rules/regulations and improve operational efficiencies and aircraft availability.

“Since the 2016 introduction of our new cloud-based platform, FD Enterprise, we have experienced growth in bookings and the number of aircraft enrolled on Flightdocs,” said Flightdocs founder and CEO Rick Heine. “To support this growth, we have been continuously investing in our business—adding personnel, scaling our infrastructure and accelerating our product-development effort.” He added that Argentum is the “ideal investment firm to partner with us and enhance these initiatives as we take Flightdocs to the next level.”