FLYR, the travel tech company from California, has successfully secured $295 million in funding. This funding round was led by WestCap, which has previously supported notable companies such as Hunt Club and Zupee. The round also saw participation from BlackRock, which has recently invested in Groq and Neustark, alongside Streamlined Ventures and a subsidiary of the Abu Dhabi Investment Authority (ADIA).

With this funding, FLYR has raised a total of over $500 million, including $225 million in Series D capital and an additional $70 million in credit led by Vista Credit Partners. This financial boost will enable the company to enhance its product offerings globally.

The primary goal of this funding is to accelerate the development of modern reservation systems, enhance digital channels, and implement AI-based decision automation for major airlines and hospitality brands worldwide.

Who has joined FLYR’s board of directors?

Alongside this investment, Laurence A. Tosi has joined FLYR’s board of directors, bringing his extensive experience in scaling industry-leading companies to support global expansion. Laurence is the Managing Partner and Founder of WestCap, the largest investor in FLYR, and has held senior roles in companies such as Airbnb and Blackstone.

“Much of the travel industry has been technologically stagnant for years, reliant on a handful of legacy incumbents with limited capacity to innovate,” said Tosi. “FLYR delivers the open and dynamic platform the travel industry needs to better serve travelers and expand their services. WestCap is proud to support FLYR with growth capital and operating support as the company leads the modernization of travel.”

What challenges does FLYR address?

The World Travel & Tourism Council forecasts that the travel industry will account for nearly 12% of global GDP in the next decade, with a projected growth of 50% by 2032. However, the travel sector has been slow to adopt AI and cloud-powered retail experiences, primarily relying on outdated technology that fails to meet the demands of modern travelers.

This is where FLYR, founded by Alex Mans, steps in. Utilizing AI, FLYR helps travel businesses enhance revenue, reduce costs, and modernize their reservation systems. The platform eliminates legacy constraints, enabling real-time decision-making and creating the seamless experiences travelers expect.

“We’ve been dedicated to reimagining the travel experience since inception,” said Alex Mans, Founder and CEO of FLYR. “As the world around us continues to advance, travel has remained in the past, reliant on an oligopoly of archaic technology vendors. FLYR makes the future possible today.”

Who are FLYR’s customers?

FLYR’s clientele includes JetBlue and Avianca, with new partnerships established with Virgin Atlantic, Best Western Scandinavia, and The Boca Raton.

“Delivering the best experience to our customers is core to every decision we make at our airlines,” said Adrian Neuhauser, CEO of Abra Group & Executive Vice Chairman at Avianca. “FLYR helps us achieve this goal every day by delivering modern commerce capabilities.”

What is the outlook for FLYR?

FLYR is poised to transform the travel industry by integrating AI-driven solutions that modernize outdated reservation systems and enhance customer experiences. By leveraging advanced technologies, it empowers airlines and hospitality brands to make real-time, data-driven decisions, ultimately boosting revenue and operational efficiency.