# Beacon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beacon

- Industry: Transportation Services
- Headquarters: New York, US
- Website: www.flybeacon.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Jul 22, 2015)
- Investors on record: 3

## About

Beacon is a private jet rental service that offers luxury flight options tailored for individual and corporate clients, enhancing travel experiences with personalized services and flexibility.Founded in 2014 and headquartered in New York, US, Beacon provides private jet charter services. In July 2015, the company secured USD 7.5 mn in SERIES A funding led by Romulus Capital, with participation from MI Ventures and Western Technology Investment. The company has completed one deal to date.Beacon specializes in private jet rental services, offering a range of options for individual and corporate clients. Their core service includes chartering various types of private jets, enabling customers to avoid security lines and enjoy a luxurious flying experience with personalized in-flight concierge services. They also offer private jet cards for prepayment of flight hours across different jet sizes, targeting high-net-worth individuals and business executives in North America, Europe, and parts of Asia. Additionally, the company provides access to empty leg flights, allowing cost-effective travel for those with flexible schedules.Beacon generates revenue primarily through private jet charter services and jet card memberships, with pricing varying according to aircraft type and flight hours. Transactions occur directly through the company's platform or app, with hourly rates for single flights and upfront deposits for jet card memberships. Their pricing structures cater to premium travel experiences, enhancing accessibility to their services while providing revenue opportunities through empty leg flights.Beacon plans to utilize the recent SERIES A funding to expand its operations and enhance its service offerings. The company is currently working on the development of new products aimed at improving customer experience and service efficiency. Additionally, Beacon aims to expand its presence in key international markets, specifically targeting Europe and parts of Asia by 2025. The funding from the July 2015 deal will support these growth initiatives.

## Funding rounds

- Series A, Jul 22, 2015, $7.5M — Western Technology Investment, Romulus Capital, MI Ventures

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series A
- Romulus Capital — Series A
- MI Ventures (https://capitalatlas.ai/funds/mi-ventures) — Series A