The FLYR crew and I are excited to announce a major milestone for FLYR Labs: $150 million in Series C funding. This new capital serves as an accelerant to equip our current and future customers with much-needed technology to address their needs. More importantly, it’s a critical validation of the opportunity we pursue with the FLYR Revenue Operating System.
For too long, legacy technology has failed to provide travel and transportation leaders the insights and automation needed to adapt to modern challenges and ever-evolving market dynamics. While others have focused on the challenges of yesterday, FLYR is focused on those of today and tomorrow, completely changing the paradigm by leveraging advanced and intuitive data, forecasting, and pricing technologies.
“While our capabilities have already proven remarkable results for our airline partners, this is just the beginning.”
Our Series C funding round is led by WestCap, a growth equity firm founded by Laurence Tosi, former CFO of Airbnb and Blackstone. WestCap is recognized for its deep experience supporting travel and B2B technology companies such as Addepar, Hopper, Blueground, Sonder, and StubHub. Their team brings us functional expertise from industry leaders that are dedicated to helping our FLYR crew achieve our growth objectives.
Alongside WestCap, Silver Lake has also joined our investor base in this round of financing – another prominent firm with deep travel technology expertise and financial reach. With amazing investors like WestCap, Silver Lake, WndrCo, JetBlue Technology Ventures, and more, we can plan our future with confidence and investor support that stretches beyond capital.
Putting New Capital to Work
Continued investment in our Cirrus software platform has always been our priority. Our customers deserve modern, intuitive software that helps them make fast and smart decisions across commercial functions. With customers helping guide the way, our product roadmap is thoughtfully architected to provide capabilities that extend beyond revenue management or pricing to planning and scheduling, air cargo, marketing, executive leadership, and more.
We’re also scaling implementation, delivery teams, and tools to ensure we keep pace with new customer demand. We’ve proven our ability to implement our software in record time, without the typical pains or costs associated with similar enterprise software deployments from legacy suppliers. Now, we’re equipped to reach more customers than ever before.
Additional strategic acquisitions of complementary businesses will amplify our portfolio and help us quickly expand our services to better serve commercial teams across travel and transportation sectors.
“We’re working hard to answer calls for assistance across this $10+ trillion global industry and continue to develop world-class solutions in support of its needs.”
The FLYR team is growing at a rapid pace. We’re recruiting top talent, standing up new offices around the globe, and investing in our teams’ success, all with the goal of creating an outstanding customer experience. Our expert crew will guide customers through every step, from the point of the first handshake throughout the lifetime of our partnership.
At FLYR, we’re pursuing the relentless application of advanced, intuitive technologies to help transportation leaders unlock their ultimate potential. This $150M Series C funding fuels our ambition so that we may achieve exactly that, together.
Our time is now.