ADIA Invests in US' Flyr During $295 Million Capital Raise
Flyr's $225 million Series D funding round was led by US investment firm WestCap.
The Abu Dhabi Investment Authority (ADIA) has participated in a $295 million capital raise for US travel tech firm Flyr. The $225 million Series D funding round was led by US investment firm WestCap, with a unit of ADIA, along with BlackRock and Streamlined Ventures, among the key investors. Financial details of the individual contributions were not disclosed.[1]
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Additionally, Vista Credit Partners led a $70 million credit round to help Flyr expand its product offerings globally. This funding will enable Flyr to enhance modern reservation systems, digital channels, and AI-based decision automation for airlines and hospitality brands.
With this latest funding, Flyr has raised over $500 million to date. Other investors in the Series D round include South American airline Avianca. Laurence A. Tosi, Managing Partner and Founder of WestCap, will join Flyr’s board of directors.
ADIA's recent investments in the travel sector include purchasing shares in Indian carrier SpiceJet and joining a consortium that made a $3.9 billion offer to acquire Malaysia Airports Holdings Berhad (MAHB).