Public charter operator Aero has raised $65 million in capital through $50 million in series B funding and $15 million in convertible notes for a total post-money valuation of $300 million. Co-led by Albacore Capital Group in Europe, this latest financing round included investments from returning investors Expa and Keyframe Capital, as well as new investment from Capital One Ventures.
Launched by Uber co-founder Garrett Camp, Aero uses refurbished Embraer ERJ-135s in black livery to provide semi-private travel through private terminals and concierge services. San Francisco-based Aero offers flights to Aspen, Colorado; Los Cabos, Mexico; and Sun Valley, Idaho from private terminals in Los Angeles and San Francisco, as well as Ibiza, Mykonos, and Nice from London’s Farnborough Airport.
The financing will allow the company to further expand its markets and respond to increasing demand on existing routes.
“I am really excited to announce Aero’s Series B raise to further ignite growth and expand into new markets. Aero's success over the last few years highlights that customers in both the U.S. and Europe have been waiting for the Aero travel experience,” said Aero CEO Uma Subramanian. “Aero is growing fast, and we look forward to bringing the Aero experience to new markets in the coming months.”