The company doubled its initial target with backing from Dymond Group and a European real estate operator.
"The opening of Air-One is a momentous occasion – the starting gun for a new age of transport, an age of zero-emission, low-congestion travel between and within cities that will make people healthier, happier and more connected than ever before,"
Fuel Ventures led the pre-seed round to help Monspire launch its cashflow management platform to market.
"Most business owners don’t start their own firm with a desire to spend their time running a finance function. As our study found, it actually distracts them from building their business. With Monspire, we want to give business owners the confidence to grow knowing that their finances are taken care of."
The pre-seed round was provided by 7percent Ventures to support platform development.
"We are delighted to have the support of 7percent Ventures, a fund and team with an impressive track record of supporting the most innovative, futuristic and ground breaking technologies."
The Series A round was led by Hoxton Ventures with backing from notable tech entrepreneurs.
"My story – and Juno’s raison d’etre – will sound all-too-familiar to many. When I started my career as a Growth Manager for startups, long hours and ‘hustle culture’ left me feeling burnt out. The loss of a family member finally broke me and the thing I needed the most at that time was genuine wellbeing support in place of the alcohol-fuelled socials and awkward team yoga I was offered by HR. But I should have known not to expect too much from superficial ‘perks’ systems that fail to consider peoples’ actual needs."
Xploration Capital led the seed round, which will fund platform development and international expansion.
"We estimate that the market for commercial flights on private aircrafts is up to 300,000 flights a year or approximately $10 billion in the UK and Europe. Our aim is to cover 4% of this market and provide up to 12,000 commercial flights per year in the UK and Europe in 2023, connecting 150 private jets to the app with the expected turnover of $240 million."