Tech Company Financing Transactions

Wheels Up Funding Round

On 10/10/2017, Wheels Up raised $117.5 million in funding from Fidelity Management & Research Company, T. Rowe Price and KKR.

Transaction Overview

Company Name
Announced On
10/10/2017
Transaction Type
Venture Equity
Amount
$117,500,000
Round
Undisclosed
Proceeds Purpose
According to Wheels Up Founder and CEO Kenny Dichter, this latest round of financing will fund a number of growth initiatives, including adding to the Wheels Up exclusive fleet of Beechcraft King Air 350i aircraft; accelerating membership growth through further investment in sales and marketing; continued exploration of and planning for an expansion into Western Europe and other markets; and significant enhancement of the Company's digital platform. Wheels Up is also looking at adding Citation X aircraft to its private fleet of King Air 350i and Citation Excel/XLS, starting as soon as the first quarter of 2018.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
220 West 42nd St. 9th Floor
New York, NY 10036
USA
Phone
Undisclosed
Email Address
Overview
We created Wheels Up because we knew we could deliver a cost-effective, best in class experience to private fliers. We knew this because we have one of the most experienced teams in private aviation.
Profile
Wheels Up LinkedIn Company Profile
Social Media
Wheels Up Company Twitter Account
Company News
Wheels Up News
Facebook
Wheels Up on Facebook
YouTube
Wheels Up on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Kenny Dichter
  Kenny Dichter LinkedIn Profile  Kenny Dichter Twitter Account  Kenny Dichter News  Kenny Dichter on Facebook
Chief Financial Officer
Eric Jacobs
  Eric Jacobs LinkedIn Profile  Eric Jacobs Twitter Account  Eric Jacobs News  Eric Jacobs on Facebook
Chief Operating Officer
Jason Horowitz
  Jason Horowitz LinkedIn Profile  Jason Horowitz Twitter Account  Jason Horowitz News  Jason Horowitz on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/10/2017: Sight Sciences venture capital transaction
Next: 10/10/2017: LifeRaft venture capital transaction

 

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