FLYR Raises USD 295 Million to Build a New Travel Tech

FLYR Raises 295M to Rebuild the Foundation of Travel Technology

FLYRs capital raise will accelerate the development and deployment of its innovative solutions

**New York, NY, August 9, 2024** - FLYR, a technology company focused on the travel industry, has raised USD 295 million in its latest funding round. The round was led by WestCap and joined by existing investors Thayer Ventures and Accomplice. This news follows a period of monumental growth for FLYR. Over the last 12 months, FLYRs annualized revenue has grown by more than 500%, and the company has expanded its team to over 100 employees. FLYRs technology is now used by some of the worlds leading airlines and travel agencies, including United Airlines, Delta Air Lines, and American Express. FLYRs latest funding round will be used to accelerate the development and deployment of its innovative solutions. The company is developing a new generation of travel technology that will make it easier for travelers to plan, book, and manage their trips. We are excited to partner with WestCap and our existing investors to continue to build the future of travel technology, said Alexander Kunz, CEO of FLYR. This funding will allow us to accelerate the development of our products and services, and to bring them to even more travelers around the world. WestCap is a leading venture capital firm focused on investing in technology companies. The firm has invested in some of the worlds most successful technology companies, including Airbnb, Palantir, and Uber. We are excited to partner with FLYR as they continue to build the future of travel technology, said Laurence Tosi, Managing Partner of WestCap. FLYRs team has a deep understanding of the travel industry, and they are developing innovative solutions that will make it easier for travelers to plan, book, and manage their trips.