This report provides a comprehensive overview of key investment activities in the airline venture capital industry for the third quarter of 2024, covering July through September. The industry has witnessed significant funding rounds focusing on corporate travel solutions, premium mobility services, sustainable travel options, innovative digital platforms, and travel-related consumer goods. These investments underscore the ongoing recovery and innovation within the travel sector, driven by evolving consumer preferences, technological advancements, and a resurgence in global tourism.

The Aerospace Manufacturer Venture Capital sector saw a total of 6 financings close in Q2 2024, totaling $105 million USD. The quarter represented a 20% increase in the number of deals compared to Q1 2024, but there was a sharp 71.42% decrease in total funding value compared to the same period in the previous year. This also marked a 45.45% decline in deal count and a 57.98% drop in financing volume compared to Q2 2023.

The largest deal of the quarter was Isar Aerospace's Series C round, raising €65 million ($69.6 million USD) to fuel the advancement of small satellite launch vehicle technology. Other key deals in the quarter included Liquid Instruments' venture round and Dendra Systems' Series B. Airbus Ventures and Lockheed Martin Ventures remained active players throughout the period, participating in multiple funding rounds.

The Airline Venture Capital sector experienced a sharp contraction in Q2 2024, with only two financings totaling $68.5 million USD. This marks a 60% reduction in deal volume and an 83.54% decrease in total financing compared to Q1 2024. Year-over-year, the industry saw a 75% drop in the number of deals and an 87.04% decrease in total funding, reflecting a slowdown in airline-focused venture investments.

The two prominent deals in this quarter were Aether Fuels' $34 million Series A and Verne's $15.5 million seed round, both of which suggest continued interest in sustainable aviation fuel (SAF) and cutting-edge clean energy solutions for the airline industry.

In Q1 2024 the Aerospace Manufacturer Venture Capital funding space saw a reduction in both month-over-month deal volume and funding as well as year-over-year.

The quarter saw 5 financings close for $47.5 million USD, across Seed, Series A, Series C and undisclosed financing rounds. This was down from the 10 financings of an aggregate $475 million USD in Q4-2023 and down from Q1- 2023 which saw 9 deals representing $98 million USD.

In Q1 2024 the Airline Venture Capital funding space saw a jump in both month-over-month deal volume and funding as well as year-over-year.

The quarter saw 5 financings close for $386 million USD, across Series A, Series B and an internal corporate financing round. This was up from the 2 financings of an aggregate $68 million USD in Q3-2023 and up from Q1- 2023 which saw 4 deals representing $31 million USD.