Abu Dhabi Investment Authority (ADIA) has emerged as a significant investor in Flyr, a US travel technology company, as part of a $295 million capital raise. The investment was part of a $225 million Series D funding round led by US-based investment firm WestCap. ADIA, through a wholly owned subsidiary, joined other major investors including BlackRock and Streamlined Ventures. Specific financial contributions from these investors were not disclosed.
Additionally, Flyr secured $70 million in credit financing from Vista Credit Partners, aimed at expanding its product offerings globally. The new funding will enable Flyr to enhance its modern reservation systems, improve digital channels, and implement AI-driven decision automation for airlines and hospitality brands. This move comes as Flyr reports an impressive annualized revenue growth of 290%.
With the completion of this round, Flyr has raised over $500 million in total funding. Notably, South American airline Avianca is also among the Series D investors. Moreover, WestCap Managing Partner and Founder Laurence A. Tosi will join Flyr’s board of directors.
ADIA’s investment in Flyr is part of its broader strategy in the travel sector. Earlier this year, ADIA acquired shares in Indian carrier SpiceJet through open market purchases in March. The authority also joined a consortium in May that made a pre-conditional voluntary offer to acquire all shares in Malaysia Airports Holdings Berhad (MAHB), in a transaction valued at $3.9 billion.
This strategic move by ADIA highlights its growing interest in the global travel industry, aligning with its broader investment goals.
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