Beond Holding Successfully Closes US$13M Pre-Series A Funding Round; Opens $25M Series A Round
Summary
The worlds first premium leisure airline continues successful fundraising following its oversubscribed $17M seed round in August 2023DUBAI, UAE, Dec. 6, 2023 Beond, the worlds first premium leisure airline, is pleased to announce the successful completion of a US$13M Pre-Series A Round from a group of new and existing investors. "Our goal is to reach 32 state-of-the-art and luxurious aircraft within five years, delivering on the promise of our ground-breaking business model in the airline industry and pioneering experience for passengers. "In November, Beond successfully launched commercial passenger services from Munich, Zurich, and Riyadh to Mal\xe9, Maldives, the airlines first hub. "Since our inaugural flights, weve been pleased at the customer response and appreciation for the airlines stunning livery and well-appointed onboard experience, and the handmade luxury all-lay flat seating. "Participants in the Pre-Series A round include family offices, angel investors, and strategic partners, signalling a vote of confidence in the companys ground-breaking approach to leisure travel and promising market potential.The investment continues Beonds ambitious growth plans, including expanding the team, scaling marketing and sales efforts, and securing more capacity.