Tech Company Financing Transactions
AeroVanti Air Club Funding Round
AeroVanti Air Club closed a $9.8 million Series A venture capital round on 7/21/2022. Investors included Network 1 Financial Securities.
Transaction Overview
Company Name
Announced On
7/21/2022
Transaction Type
Venture Equity
Amount
$9,750,000
Round
Series A
Investors
Network 1 Financial Securities (Lead Investor)
Proceeds Purpose
The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to scale its operations, grow its fleet, and expand its destination offerings and flight availability to its growing roster of delighted customers
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
2 Compromise St
Annapolis, MD 21401
USA
Annapolis, MD 21401
USA
Phone
Undisclosed
Website
Email Address
Overview
AeroVanti's founder is a 3rd generation pilot, who bought his first Piaggio P. 180 Avanti aircraft for personal use. He realized that since this aircraft is more commonly used in Europe due to its Italian heritage, there would be an opportunity to introduce it to a new audience in the U.S. By exclusively using Piaggio P. 180 Avanti aircraft to make up the AeroVanti fleet, the opportunity of private aviation is a possibility for many who otherwise would have never considered it.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Patrick Britton-Harr
Chief Operating Officer
Robert Pol
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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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