Beond Airlines opens 25m Series A Round funding

Beond, the world’s first premium leisure airline based in the Maldives, continues its successful fundraising with the launch of a $25m Series A Round Monday. The news follows Beond’s oversubscribed $17m Seed Round in August and the completion of a $13m Pre-Series A Round from a group of new and existing investors. These fundraising rounds reflect confidence and belief in Beond's vision, potential, and successful service launch, it stated. Chairman and CEO Tero Taskila said: "Beond is moving from strength to strength. Our Pre-Series A Round was very successful, and we expect even more interest for our Series A funding round that launches today." "Our goal is to reach 32 state-of-the-art and luxurious aircraft within five years, delivering on the promise of our ground-breaking business model in the airline industry and pioneering experience for passengers. Beond will operate a premium leisure experience for customers while bringing to bear the benefits of a lightweight, low-cost operation based on our team’s collective decades of experience," he added. In November, Beond successfully launched commercial passenger services from Munich, Zurich, and Riyadh to Malé, Maldives, the airline’s first hub. "Customer satisfaction, and the interest in our product by travel trade and global media exceeds our expectations," said Taskila. "Since our inaugural flights, we’ve been pleased at the customer response and appreciation for the airline’s stunning livery and well-appointed onboard experience, and the handmade luxury all-lay flat seating," he added.<br/>