Aero Raises $65M for Expansion

Public charter operator Aero has raised $65 million through $50 million in series B funding and $15 million in convertible notes for a total valuation of $300 million. Co-led by Albacore Capital Group in Europe, this latest financing round included funding from returning investors Expa and Keyframe Capital, as well as new money from Capital One Ventures.

Launched by Uber co-founder Garrett Camp, Aero uses refurbished Embraer ERJ-135s in black livery to provide semiprivate travel through private terminals and concierge services. San Francisco–based Aero offers flights to Aspen, Colorado; Los Cabos, Mexico; and Sun Valley, Idaho, from private terminals in Los Angeles and San Francisco, as well as to Ibiza, Spain; Mykonos, Greece; and Nice, France, from London’s Farnborough Airport.   

The financing will allow the company to further expand its markets and respond to increasing demand on existing routes.