# FlyCoin

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

- Industry: Financial Services
- Headquarters: US
- Website: www.flycoin.org
- Total disclosed funding: $33M
- Latest round: Seed (Nov 8, 2021)
- Investors on record: 4

## About

Founded in 2021 and based in California, US, FlyCoin, Inc. operates as a cryptocurrency-based travel rewards technology company that provides token and loyalty rewards to companies in travel and hospitality. As of 2022, Lenny Moon is the CEO of the company. In February 2022, FlyCoin, Inc. raised USD 33 million in Seed funding led by an individual investor including 8VC, Gaingels Syndicate, Liquid 2 Ventures, and TenOneTen Ventures. 

The company's technology infrastructure includes travel and hospitality, insurance and benefits, financial services, and more, with a turnkey solution to incentivize users in a more customer-centric way. FlyCoin provides its minted token, FLY, where users can earn a reward that appreciates in value, doesn’t expire, is easily transferable, and has redemption options. 

FLY tokens are minted on the Ethereum blockchain using the ERC-20 protocol, with a fixed supply of 100 billion. The firm's partners include Ravn Alaska and Northern Pacific Airways (NP). 

The organization plans to use the February 2022 funding to build out its platform, secure additional partners to start growing the FLY ecosystem, initiate FLY's tradability on the various cryptocurrency exchanges, and also plan to release its FlyCoin consumer-facing app and API for partnership integrations in Q3 of 2022.

## Funding rounds

- Seed, Nov 8, 2021, $33M — TenOneTen Ventures, Liquid 2 Ventures, 8VC, Gaingels

## Investors

- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed