- Companies
- FLYR
Last FLYR valuation
$800M
Series D · Aug 2024
Last FLYR funding round
$225M
Series D · Aug 2024
Cumulative funding FLYR raised
$412M
across 7 funding rounds
Key investors in FLYR
Streamlined
Plug and Play
Western Technology Investment
JetBlue Ventures
Peter Thiel
Chasm Capital
About FLYR
FLYR is a San Francisco-headquartered AI platform for revenue management in airlines, cargo, and hospitality. Its forecasting engine processes petabytes of data for dynamic pricing, inventory optimization, and e-commerce personalization. Clients including United Airlines, Norse Atlantic, and Accor Hotels achieve up to 5% revenue uplift. Founded in 2018, FLYR raised over $100 million in funding and expanded to Europe and Asia with integrations for Sabre and Amadeus systems.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$800M (Aug 2024)
FLYR Valuation
FLYR is currently valued at $800M, based on its Series D in August 2024.
The $225M round was led by Westcap, with participation from Avianca, Streamlined, Abu Dhabi Investment Authority and BlackRock.
FLYR's valuation has grown 25x from $32M at its seed round in January 2015 to $800M in August 2024, across 2 priced rounds.
FLYR valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2024 | Series D | $800M |
| Jan 2015 | Seed | $32M |
FLYR Funding History
FLYR has raised a total of $412M across 7 funding rounds.
FLYR's first fundraising round was a $2M seed round in January 2014. The most recent completed round was a $225M Series D in August 2024.
FLYR funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2024 | Series D | Westcap (lead); Avianca; Streamlined; Abu Dhabi Investment Authority; BlackRock | $225M | $800M | FLYR is an artificial intelligence-powered travel technology company founded in 2013 and headquartered in Santa Monica, California, serving airlines and hospitality businesses. The company operates a modular platform that enables revenue optimization through modern reservation systems, capacity management, ancillary services, and customer segmentation, helping travel providers improve revenue, reduce costs, and modernize their digital channels. In August 2024, FLYR raised $225 million in Series D funding led by WestCap, with participation from BlackRock, Streamlined Ventures, and a wholly owned subsidiary of the Abu Dhabi Investment Authority, alongside additional $70 million in credit facilities from Vista Credit Partners, bringing total capital raised to over $500 million. The company reported annualized recurring revenue growth of 290 percent in the 12 months preceding the funding announcement, and serves marquee customers including Avianca, JetBlue, Air New Zealand, Virgin Atlantic, Best Western Scandinavia, and The Boca Raton. WestCap founder Laurence Tosi joined FLYR's board of directors as part of the investment, bringing expertise from previous roles as CFO of Airbnb and Blackstone, and the funding was characterized as positioning FLYR alongside successful industry disruptors like Airbnb and Hopper in modernizing the travel industry's technological foundation. |
| Sep 2021 | Series C | Westcap (lead); Plug and Play; Promus Ventures; Peter Thiel; Streamlined; WndrCo; Silver Lake Waterman; Marbruck; JetBlue Ventures; Beyond Capital; Karman Ventures; Gopher Asset Management | $150M | - | FLYR Labs, a San Francisco-based pioneer of the data and AI-driven Revenue Operating System for airlines, travel, and transportation, raised $150 million in its Series C funding round on September 22, 2021, led by WestCap with participation from Silver Lake Waterman, WndrCo, Peter Thiel, Streamlined Ventures, JetBlue Technology Ventures, and Gopher Asset Management. The investors match the query exactly, confirming this is the correct round. The capital was intended to expand product offerings, scale delivery capacity, support strategic acquisitions, develop customer teams, and meet growing demand, with plans to grow the workforce to over 200 by year-end and open offices in Los Angeles, Dallas, and Amsterdam. FLYR's platform uses proprietary real-time data analytics, deep learning for demand forecasting, and AI-driven pricing tools to optimize revenue for airlines and expanding into rental cars, events, cargo, rail, and more. At the time, FLYR expected to manage over $14 billion in airline revenue from dozens of customers including Air New Zealand and JetBlue by the end of 2021, with ambitions to reach $100 billion by the end of 2023. JetBlue was both a customer and investor via its VC arm. The company's technologies had driven rapid growth and measurable benefits for clients serving millions of travelers. WestCap, founded by former Airbnb and Blackstone CFO Laurence Tosi, brought deep travel tech expertise, managing over $4 billion in assets with investments in companies like Airbnb and Hopper. No post-money valuation, direct revenue or ARR figures for FLYR itself, EBITDA, or valuation multiples were disclosed in the announcement or related coverage. Subsequent developments included a $225 million Series D led by WestCap, where FLYR reported 290% ARR growth over the prior year, but this pertains to a later period. |
| Jun 2019 | Series B | Peter Thiel; Streamlined; JetBlue Ventures; Musha Ventures; Gopher Asset Management; Olive Technology Ventures | $22M | - | FLYR is a travel technology company providing AI-based decision automation, reservation systems, and data management solutions for airlines and hospitality providers to improve digital experiences, revenue management, and operational efficiency. Customers include major airlines like JetBlue, Avianca, Air New Zealand, and Virgin Atlantic, as well as hotels such as Best Western Scandinavia. The company addresses outdated technology constraints in the multi-trillion-dollar travel industry by offering modular platforms that interconnect systems and leverage data for better decision-making. Streamlined Ventures is also noted as an investor in FLYR's early rounds around 2017. FLYR has continued raising capital in subsequent rounds, including a $150 million round in 2021 and a major $295 million raise in 2024 comprising $225 million Series D led by WestCap with BlackRock, Streamlined Ventures, ADIA, and Avianca, plus $70 million credit from Vista Credit Partners, bringing total funding over $500 million. These later rounds supported product scaling, global expansion, and AI innovations like FLYR for Hospitality. FLYR has been recognized for AI solutions in transportation and deepened partnerships with key airline customers. |
| Jan 2017 | Series A | Peter Thiel (lead); Plug and Play; Streamlined; Haymaker Ventures; Swift Ventures; AVP; Chasm Capital; General Global Capital; JetBlue Ventures; Founders Fund; Amadeus; Western Technology Investment | $8M | - | - |
| Mar 2016 | Seed | Plug and Play; Streamlined; Matt Bellamy; AVP; Montage Ventures; JetBlue Ventures; Cota Capital; Western Technology Investment; Harris Barton | $500K | - | - |
| Jan 2015 | Seed | Streamlined (lead); Chasm Capital; Hamid Borkhordhar; Cota Capital; Western Technology Investment; AXA Seed Factory | $5M | $32M | FLYR Labs develops AI-driven revenue operating systems for airlines, travel, and transportation, focusing on real-time data analytics for demand forecasting and optimal pricing. The company raised $4.18 million in its Series A round on January 18, 2017, achieving a post-money valuation of $32.36 million. Key investors included Amadeus, Axa Strategic Ventures, Chasm Capital Management, JetBlue Technology Ventures, Peter Thiel, Plug & Play, Streamlined Ventures, and Western Technology Investment. This early-stage funding supported FLYR's growth in providing cloud-based software leveraging deep learning for accurate forecasting and actionable insights. FLYR continued scaling with later rounds, including a $150 million Series C in 2021 led by WestCap and a $225 million Series D in 2024, demonstrating sustained investor interest from entities like Streamlined Ventures. |
| Jan 2014 | Seed | Plug and Play; Streamlined; Chasm Capital; Jonathan Curtis; Montage Ventures; Todd Kimmel; Signatures Capital; Tom Rice; Roger Bamford; Western Technology Investment; Pankaj Shah | $2M | - | - |
Who has invested in FLYR?
37 investors have backed FLYR across its funding rounds, including Streamlined, Plug and Play, Western Technology Investment, JetBlue Ventures, Peter Thiel and Chasm Capital.
Lead investors include Westcap, Peter Thiel and Streamlined.
FLYR Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 7 | Lead | Jan 2014 | ||
| 4 | Participant | Jan 2014 | ||
| 4 | Participant | Mar 2016 | ||
| 4 | Participant | Jan 2014 | ||
| 3 | Lead | Jan 2017 | ||
| 3 | Participant | Jan 2014 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Participant | Jan 2014 | ||
| 2 | Participant | Jan 2015 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2024 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 37 FLYR investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by FLYR
FLYR has acquired 5 companies to date.
Last acquisition by FLYR was on September 20th 2022. FLYR acquired Pace Revenue for undisclosed valuation.
Latest Acquisitions by FLYR
| Description | Pace Revenue is a Dublin-based revenue management system for 2,500 hotels worldwide. The platform forecasts demand using machine learning on 10 billion pricing data points, optimizing rates across Booking.com and Expedia. Clients like Accor and IHG report 15-25 percent RevPAR gains since 2014. Pace automates 90 percent of daily adjustments for 500,000 rooms in Europe and North America. | Pribas is a software developer of solutions for the travel and tourism industry. Ljubljana-based since 2005, it builds booking engines, revenue management systems, and mobile apps for hotels and tour operators. The company integrates with GDS like Amadeus and Sabre, serving clients across Europe with real-time inventory and dynamic pricing features. | Newshore Servicios Globales is a Madrid-based IT consultancy specializing in airline technology solutions. It delivers software for reservations, operations, and revenue management to carriers worldwide. The firm supports digital transformation in aviation via newshore.es. | xCheck is an advertising technology company specializing in airline industry solutions. The platform connects to airline inventory systems to identify and advertise optimal fare prices across digital channels, including search, social media, display and email. Automated tools continuously monitor inventory and update advertisements when better prices become available or inventory runs out, ensuring Department of Transportation compliance and reducing manual effort while helping airlines stimulate direct bookings. Founded in 2016 and headquartered in New York, the company was acquired by FLYR. | |
| HQ Country | |||||
| HQ City | London | Frankfurt | Barcelona | New York City, NY | |
| Deal Date | 20 Sep 2022 | 13 Sep 2022 | 14 Jul 2022 | 1 Sep 2021 | |
| Valuation | undisclosed | undisclosed | $26M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all FLYR acquisitions and their M&A valuation multiples. Start Free Trial | |||||
FLYR Competitors
FLYR competitors include listed companies like LES Info, Sabre and SiteMinder, and private ones like Guesty, Hostaway and Canary Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $190M | $10M | $895M | 3.8x | ||
| Private | $100M | - | $900M | 9.0x | ||
| Private | $10M | - | $925M | 92.5x | ||
| Publicly listed | $2.8B | $315M | $934M | 1.6x | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $189M | $17M | $554M | 2.7x |
FLYR Public Comps
FLYR is still privately-owned, but its public comps include LES Info, Sabre, SiteMinder, Rank Group, Tsuburaya Fields Holdings, Rategain Travel Technologies, Kambi Group, Gloo, Vista Group and PhilWeb.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $190M | $10M | 4.1x | 3.8x | 76.1x | 47.7x | |||
| $2.8B | $315M | 1.7x | 1.6x | 14.6x | 8.2x | |||
| $189M | $17M | 2.9x | 2.7x | 31.1x | 22.9x | |||
| $1.1B | $156M | 0.7x | 0.7x | 4.8x | 4.1x | |||
| $1.1B | $126M | 0.9x | 0.8x | 7.8x | 7.0x | |||
| $190M | $34M | 6.0x | 4.5x | 33.5x | 22.4x | |||
| $187M | $55M | 2.5x | 2.3x | 8.4x | 7.1x | |||
| $95M | ($136M) | 5.0x | 3.0x | (3.5x) | (11.4x) | |||
This data is available for Pro users. Sign up to see all FLYR competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FLYR
| When was FLYR founded? | FLYR was founded in 2013. |
| Where is FLYR headquartered? | FLYR is headquartered in Los Angeles, CA, United States. |
| Is FLYR publicly listed? | No, FLYR is a private, VC-backed company. |
| What is FLYR's valuation? | FLYR was last valued at $800M in its Series D in August 2024. |
| How much funding has FLYR raised? | FLYR has raised $412M across 7 funding rounds. |
| What was FLYR's last funding round? | FLYR's last funding round was a $225M Series D in August 2024, led by Westcap. |
| Who are FLYR's investors? | FLYR's investors include Streamlined, Plug and Play, JetBlue Ventures, Western Technology Investment, Peter Thiel, Chasm Capital, AVP, Montage Ventures, Cota Capital, Westcap and 27 others. |
| Which companies are comparable to FLYR? | Companies comparable to FLYR include LES Info, Guesty, Hostaway, Sabre, Canary Technologies and SiteMinder. |
| How many companies has FLYR acquired? | FLYR has acquired 5 companies, including Pace Revenue, Pribas, Newshore Servicios Globales, xCheck and Faredirect. |
| What was the largest acquisition by FLYR? | The $26M acquisition of Newshore Servicios Globales in July 2022 is the largest acquisition FLYR has made to date. |
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