Total amount raised
$20.3 Millions
Latest funding date
Location
Beyond Aero has successfully raised $20 million in a Series A funding round, with notable investors such as Arash Ferdowsi and Bpifrance. The company is making significant strides in the aviation industry by focusing on electrifying aviation and developing hydrogen-powered jets.
Keep reading to explore the intricacies of Beyond Aero's fundraising journey and the investors backing this innovative company.
What Is Beyond Aero?
Beyond Aero, founded on June 14, 2017, is an innovative company based in Sorocaba, Sao Paulo, Brazil. The company operates in the aerospace and software industries, focusing on creating an ecosystem of services and tools tailored to the aviation sector.
Founded by Danilo Plens and Larissa de Carvalho, Beyond Aero has a small team of 1-10 employees. The company aims to revolutionize aviation by simplifying pilots' routines, increasing efficiency, and enhancing the overall flight experience through strategic partnerships and proprietary technology.
How Much Funding Has Beyond Aero Raised?
- Angel Round
- Amount Raised: $300,000
- Date: December 2021
- Lead Investors: Gvangels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and operational costs.
- Series A
- Amount Raised: $20,000,000
- Date: October 2024
- Lead Investors: Bpifrance, Giant Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To pioneer hydrogen-propelled electric aviation and support the development of the first hydrogen-powered electric business aircraft.
Total Amount Raised: $20,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bpifrance
- Details: Bpifrance is a French public investment bank that supports businesses from seed to IPO. It provides loans, guarantees, and equity funding to foster innovation and growth.
- Investment Focus Areas: Technology, Healthcare, Energy
- Notable Investments: BlaBlaCar, Doctolib, Deezer
- Giant Ventures
- Details: Giant Ventures is a global venture capital firm that invests in purpose-driven technology companies. They focus on supporting companies that aim to solve the world's biggest challenges.
- Investment Focus Areas: Climate tech, Health tech, Digital transformation
- Notable Investments: What3words, Cervest, Huma
- Gvangels
- Details: Gvangels is a Brazilian angel investment group that supports early-stage startups. They focus on providing capital and mentorship to innovative companies.
- Investment Focus Areas: Fintech, E-commerce, SaaS
- Notable Investments: Conta Simples, Kovi, Olist
- Initialized Capital
- Details: Initialized Capital is a venture capital firm known for early-stage investments in technology companies. They have a strong track record of identifying high-growth potential startups.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Coinbase, Instacart, Reddit
- Nate Blecharczyk
- Details: Nate Blecharczyk is the co-founder of Airbnb, a major online marketplace for lodging and tourism experiences. He is also an individual investor in various innovative startups.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Not publicly disclosed
What's Next for Beyond Aero?
Beyond Aero stands at the cusp of a transformative era in aviation, driven by a substantial $44 million investment to pioneer hydrogen-propelled electric aviation. This funding positions the company to develop the first hydrogen-powered electric business aircraft, a venture that aligns with the industry's shift towards sustainable and environmentally friendly transportation solutions.
As the company progresses, future fundraising opportunities are likely to emerge, potentially involving further investment rounds to scale production and development. Strategic partnerships with major players in the aviation and hydrogen sectors could also be on the horizon, bolstering Beyond Aero's growth trajectory.
However, the path forward is not without challenges. Technological hurdles in developing efficient hydrogen propulsion systems, regulatory approvals, and competition from other sustainable aviation technologies are potential obstacles. Yet, with significant financial backing and a clear vision, Beyond Aero is well-positioned to navigate these challenges and lead the charge in sustainable aviation.
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