Beond, recognized as the world’s first premium leisure airline, has successfully closed a Pre-Series A funding round, raising $13 million from a mix of new and existing investors. This achievement follows Beond’s oversubscribed $17 million Seed Round in August 2023. Simultaneously, the airline has announced the launch of a $25 million Series A funding round.
Beond is the world’s first premium leisure airline offering unique and tailored experiences for today’s modern travellers. Beond will initiate flights from various destinations with the latest aviation and luxury travel innovations.
Expressing gratitude to investors and partners who share Beond’s vision for transforming premium leisure air travel, Tero Taskila, Chairman and CEO of Beond, noted the company’s momentum and growing confidence in its potential. Beond aims to deploy a fleet of 32 state-of-the-art and luxurious aircraft within the next five years, realizing its groundbreaking business model in the airline industry.
Beond recently marked a significant milestone by initiating commercial passenger services from Munich, Zurich, and Riyadh to Malé, Maldives, serving as the airline’s first hub. Taskila emphasized the positive reception from customers, travel trade, and global media, showcasing the strong demand for Beond’s premium leisure experience.
The Pre-Series A funding round attracted participation from family offices, angel investors, and strategic partners, signifying a vote of confidence in Beond’s innovative approach to leisure travel and the promising potential of the market. The investment will fuel Beond’s ambitious growth plans, including team expansion, scaling marketing and sales efforts, and securing additional capacity.
Beond’s commitment to redefining the premium leisure travel experience and its strategic approach to growth position the airline as a noteworthy player in the evolving aviation industry. The launch of the Series A funding round further signifies Beond’s determination to advance its mission and bring a new level of luxury and excellence to air travel.