Flyr, a San Francisco-based technology company specializing in solutions for the travel industry, has raised $295 million in new funding.
The financing includes a $225 million Series D round led by WestCap, with participation from investors such as Avianca, BlackRock, Streamlined Ventures, and a subsidiary of the Abu Dhabi Investment Authority (ADIA). Additionally, Flyr secured $70 million in credit led by Vista Credit Partners. As part of the investment, Laurence A. Tosi, Managing Partner and Founder of WestCap, will join Flyr’s board of directors.
The company plans to use the funds to scale its product offerings worldwide.
Founded and led by CEO Alex Mans, Flyr utilizes advanced AI technologies, including deep learning, to deliver cloud-based solutions that enhance airlines and hospitality businesses’ modern reservation systems, digital channels, and decision-making processes. Flyr’s technology aims to improve revenue performance, reduce costs, and modernize e-commerce experiences.
The company’s clients include notable names such as Avianca, JetBlue, Air New Zealand, Virgin Atlantic, Best Western Scandinavia, and The Boca Raton.
