FLYR raised USD 225 million in a Series D funding round led by Westcap with participation from BlackRock, Streamlined Ventures, Abu Dhabi Investment Authority, and Avianca. Additionally, FLYR received USD 70 million in credit from Vista Credit Partners. To date, the company has raised over USD 500 million in total.

This funding will be used to expedite the delivery of its modern reservation systems and digital channels and bring AI-based decision automation to airlines and hospitality brands. Additionally, WestCap’s managing partner and founder, Laurence A. Tosin, is set to join FLYR's board of directors.

FLYR offers AI-backed B2B revenue management tools for airlines and hospitality providers. Tools offered include dynamic pricing, revenue forecasting, and optimized travel package and seat selection for travelers.

Analyst QuickTake: FLYR’s funding round is the largest-ever recorded by startups under our coverage. Investor confidence in FLYR is underscored by its rapid revenue expansion (an increase of annualized recurring revenue by 2.9x). Further, the round also follows the company’s USD 150 million round in September 2021 with funds earmarked to grow its core business.