In a year where travel tech funding had seen a sluggish few months, FLYR has flipped the script, securing a massive $295 million to power the future of travel technology. This marks the biggest travel tech deal of 2024 to date. The funding, led by WestCap, will enable FLYR to accelerate product development, delivering cutting-edge AI-powered solutions to major airlines and hospitality brands.
As travel tech funding trends upward again, this investment stands out. FLYR’s impressive 290% growth in annualized recurring revenue has attracted heavyweight investors like BlackRock, Streamlined Ventures, and a subsidiary of the Abu Dhabi Investment Authority (ADIA), with the company now having raised over…