Aero Valuation, Funding & Investors

Aero is valued at $300M as of August 2022.

See full Aero profile

Last Aero valuation

$300M

Series B · Aug 2022

Last Aero funding round

$50M

Series B · Aug 2022

Cumulative funding Aero raised

$156M

across 6 funding rounds

Key investors in Aero

  • Expa
  • Keyframe Capital Partners
  • Notable Capital
  • Capital One Ventures
  • AlbaCore Capital
  • Cyrus Capital Partners

Aero Overview

About Aero

Aero is a San Francisco-headquartered air travel marketplace connecting passengers with premium economy seats and empty-leg charters on commercial and private flights. The platform facilitates ticket resales as an agent for carriers like United and Delta, operating in the United States with expansion into Europe.


Founded

2014

HQ

United StatesSan Francisco, CA

Website

aero.com

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$300M (Aug 2022)

Aero Valuation

Aero is currently valued at $300M, based on its Series B in August 2022.

The $50M round was led by AlbaCore Capital and Capital One Ventures, with participation from Keyframe Capital Partners and Expa.

Aero's valuation has moved from $300M at its undisclosed-stage round in August 2022 to $300M in August 2022, across 2 priced rounds.

Aero valuation by funding round

Aero valuation by funding round
DateStageValuation
Aug 2022Series B$300M
Aug 2022Undisclosed stage$300M

Aero Funding History

Aero has raised a total of $156M across 6 funding rounds.

Aero's first fundraising round was a $4M seed round in May 2018. The most recent completed round was a $50M Series B in August 2022.

Aero funding rounds

Aero funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series BAlbaCore Capital (lead); Capital One Ventures (lead); Keyframe Capital Partners; Expa$50M$300MAero Technologies is a next-generation premium air travel company offering semi-private jet services for premium leisure travelers through private terminals and personalized concierge services to curated destinations in the US and Europe. It operates a fleet of 16-seat ERJ135 and Legacy 600 aircraft on charter routes including Aspen, Los Cabos, Sun Valley from Van Nuys (Los Angeles) and San Francisco International airports, and Ibiza, Mykonos, Nice from London's Farnborough Airport. Inspired by the golden age of aviation, Aero provides elevated experiences with sleek black planes and seamless service from booking to touchdown. On August 18, 2022, Aero raised $65 million in total capital, comprising $50 million in Series B equity funding co-led by AlbaCore Capital Group and Capital One Ventures, with participation from returning investors Expa and Keyframe Capital Partners, plus $15 million in convertible notes, achieving a post-money valuation of $300 million. The funding supports global market expansion and meeting increased demand on existing routes, with plans to add new markets while leveraging its model of owning jets and basing them for direct flights that return nightly to attract pilots. Aero previously raised a $20 million Series A in 2021. The company has built a recognizable brand through word-of-mouth growth, partnerships with high-end members clubs and hotel chains, and customer satisfaction, positioning it as a leader in premium air travel offering 80% of private jet value at 20% of the cost. Investors like AlbaCore Capital became familiar with Aero as customers before investing.
Aug 2022Undisclosed stageAlbaCore Capital (lead); Keyframe Capital Partners; Capital One Ventures; Expa$50M$300MAero Technologies is a next-generation premium air travel company offering semi-private charter flights for premium leisure travelers, operating through private terminals with personalized concierge services to curated destinations in the US and Europe. It flies 16-seat ERJ135 and Legacy 600 aircraft on routes including Aspen, Los Cabos, and Sun Valley from Los Angeles (Van Nuys) and San Francisco (SFO), and Ibiza, Mykonos, and Nice from London's Farnborough Airport. On August 18, 2022, Aero announced a $65 million capital raise comprising $50 million in Series B funding co-led by AlbaCore Capital Group and $15 million in convertible notes from returning investors Expa and Keyframe Capital, plus new investor Capital One Ventures, achieving a total post-money valuation of $300 million. The Series B funding aims to fuel global market expansion and meet rising demand on existing routes, where flights like London to Ibiza and Mykonos often reach capacity amid European travel disruptions, and US routes such as Los Angeles to Aspen and Los Cabos prove most popular. Growth has been propelled by word-of-mouth referrals and partnerships with high-end members clubs and hotel chains. Aero owns its fleet of sleek black jets, enabling flexible route adjustments with lower fixed ground costs and an attractive pilot model of direct flights returning to base nightly. CEO Uma Subramanian highlighted customer enthusiasm for Aero's experience, positioning it for rapid scaling into new markets. Keyframe Capital's CIO John Rapaport praised Aero's brand recognition and leadership in premium air travel. This follows a $20 million Series A in 2021, with AlbaCore initially engaging as customers before investing.
Mar 2021Seed-$17M--
Jan 2021Series AKeyframe Capital Partners (lead); Cyrus Capital Partners; Expa$20M-Aero Technologies Inc. is a San Francisco-based luxury air travel startup founded from Uber co-founder Garrett Camp's incubator Expa in 2019, offering premium shared charter flights on smaller jets for shorter routes. It specializes in high-end U.S. routes like Los Angeles to Aspen (tickets starting at $1,250 one-way) and planned expansions to Los Angeles to Cabo San Lucas, after initial European tests in summer 2020 such as Mykonos to Ibiza and Nice to London, which were paused due to pandemic restrictions. This brought total funding to $50 million, intended to introduce new U.S. routes amid low asset prices during the pandemic, as noted by CEO Uma Subramanian, a former Airbus helicopter service executive. Aero debuted its first U.S. route in early 2021 between Los Angeles and Aspen. The company owns its jets and focuses on direct flights returning to base nightly to attract pilots, enabling flexible route adjustments with low ground costs.
Oct 2019Series AExpa (lead); Notable Capital (lead)$16M--
May 2018SeedExpa (lead); Notable Capital (lead)$4M--

Who has invested in Aero?

6 investors have backed Aero across its funding rounds, including Expa, Keyframe Capital Partners, Notable Capital, Capital One Ventures, AlbaCore Capital and Cyrus Capital Partners.

Lead investors include AlbaCore Capital, Capital One Ventures, Keyframe Capital Partners, Expa and Notable Capital.


Aero Investors

Investors in Aero by funding rounds participated
InvestorHQRoundsRoleFirst check
ExpaUnited StatesSan Francisco, CA5LeadMay 2018
Keyframe Capital PartnersUnited StatesNew York City, NY3LeadJan 2021
Capital One VenturesUnited StatesSan Francisco, CA2LeadAug 2022
AlbaCore CapitalUnited KingdomLondon2LeadAug 2022

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Aero Competitors

Aero competitors include listed companies like On The Beach Group and EaseMyTrip, and private ones like Hipcamp, Gametime, Spotnana and Gathern.

Public and private companies comparable to Aero
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HipcampUnited StatesSan Francisco, CAPrivate--$300M-
GametimeUnited StatesSan Francisco, CAPrivate--$314M-
SpotnanaUnited StatesNew York City, NYPrivate$24M-$319M13.3x
On The Beach GroupUnited KingdomUnited KingdomPublicly listed$163M$48M$330M2.5x
GathernSaudi ArabiaRiyadhPrivate--$267M-
EaseMyTripIndiaIndiaPublicly listed$56M($5M)$241M-

Aero Public Comps

Aero is still privately-owned, but its public comps include On The Beach Group, EaseMyTrip, AirTrip, Hostelworld Group, Yatra Online, HomeToGo, Bytetravel, trivago, lastminute.com and Ten Lifestyle Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
On The Beach Group$163M$48M2.3x2.5x7.7x8.8x
EaseMyTrip$56M($5M)4.1x-(46.4x)-
AirTrip$181M$20M0.9x0.7x7.8x7.0x
Hostelworld Group$108M$21M1.6x1.5x8.6x7.0x
Yatra Online$99M$9M1.7x1.6x20.1x19.4x
HomeToGo$294M($83M)0.5x0.3x(1.7x)4.2x
Bytetravel$22M$646K6.1x-210.4x-
trivago$632M$13M0.5x0.5x24.3x10.9x

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Common questions about Aero

When was Aero founded?Aero was founded in 2014.
Where is Aero headquartered?Aero is headquartered in San Francisco, CA, United States.
Is Aero publicly listed?No, Aero is a private, VC-backed company.
What is Aero's valuation?Aero was last valued at $300M in its Series B in August 2022.
How much funding has Aero raised?Aero has raised $156M across 6 funding rounds.
What was Aero's last funding round?Aero's last funding round was a $50M Series B in August 2022, led by AlbaCore Capital and Capital One Ventures.
Who are Aero's investors?Aero's investors include Expa, Keyframe Capital Partners, Capital One Ventures, AlbaCore Capital, Notable Capital and Cyrus Capital Partners.
Which companies are comparable to Aero?Companies comparable to Aero include Hipcamp, Gametime, Spotnana, On The Beach Group, Gathern and EaseMyTrip.

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