Stellar Labs Secures $26.3 Million
Transportation startup Stellar Labs announced it has secured $26.3 million in Series A financing. The round was led by Columbia Equity Partners, with participation from Expa Capital and Global Jet Capital.
Stellar Labs is an all-digital marketplace for business aviation, which represents a $60-billion market worldwide. The company’s systems encompass revenue management, predictive pricing, vehicle route optimization, high-value electronic payments, partner collaboration and the first automated system that can generate hundreds of flight options for consumers in seconds. For fliers, Stellar provides access to 114 aircraft types, from ultra-long-range Gulfstream G650s to fast Citation Xs and efficient PC-12s. Stellar scans real-time availability and pricing directly from operators to provide users with the best aircraft options in seconds, including one-ways, deadheads, and transient aircraft.
According to the company, Stellar will officially introduce its system for the business aviation market at the National Business Aviation Association (NBAA) convention in Las Vegas, NV, on Oct. 10.
