Beond holding closes $13m pre-Series A funding round, opens $25m Series A round

Beond, the world's first premium leisure airline, has announced the successful completion of  $13m pre-Series A round from a group of new and existing investors. The news follows Beond's oversubscribed $17 million seed round in August 2023 and the launch today of a $25 million Series A Round. These fundraising rounds reflect confidence and belief in Beond's vision, potential, and successful service launch.

Tero Taskila, Chairman and CEO, Beond: "Beond is moving from strength to strength. Our Pre-Series A Round was very successful, and we expect even more interest for our Series A funding round that launches today. 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. Beond will operate a premium leisure experience for customers while bringing to bear the benefits of a lightweight, low-cost operation based on our team's collective decades of experience. Customer satisfaction, and the interest in our product by travel trade and global media exceeds our expectations. Since our inaugural flights, we've been pleased at the customer response and appreciation for the airline's stunning livery and well-appointed onboard experience, and the handmade luxury all-lay flat seating."

In November, Beond successfully launched commercial passenger services from Munich, Zurich, and Riyadh to Malé, Maldives, the airline's first hub.

The participants in the pre-Series A round include family offices, angel investors, and strategic partners, signalling a vote of confidence in the company's ground-breaking approach to leisure travel and promising market potential. The investment continues Beond's ambitious growth plans, including expanding the team, scaling marketing and sales efforts, and securing more capacity.

www.flybeond.com