# ICON Aircraft

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icon-aircraft

- Industry: Aerospace
- Headquarters: Los Angeles, US
- Website: www.iconaircraft.com
- Total disclosed funding: $7.3M
- Latest round: Series B (Jun 5, 2008)
- Investors on record: 2

## About

ICON Aircraft is an innovative aerospace company specializing in the design and manufacturing of amphibious light sport aircraft, focusing on safety and ease of use for recreational pilots.Founded in 2005, ICON Aircraft is based in Los Angeles, US, and is recognized for developing the ICON A5, an amphibious light sport aircraft. The company was founded by Kirk Hawkins, who has a history of innovation in aviation. ICON Aircraft has successfully raised a total of USD 44.00 mn, with a most recent funding round of USD 44.00 mn completed on April 17, 2017.ICON Aircraft is primarily known for its flagship product, the ICON A5, an amphibious light sport aircraft designed for recreational flying. The A5 integrates advanced safety features such as a Spin-Resistant Airframe and the ICON Parachute System, which enhances pilot safety in unexpected situations. Targeted towards recreational pilots, the aircraft is designed to be easy to fly, lightweight, and cost-effective to operate, appealing to both experienced aviators and those new to flying. The company also offers comprehensive flight training programs, including A5 Owner Flight Training and Seaplane Transition Training, aimed at enhancing pilot proficiency in the unique operating environment of the A5. The product is marketed primarily to customers in the United States, while international clients can access a Type-Certified Edition of the A5. The company serves a diverse clientele, including individual recreational pilots, flying enthusiasts, and aviation schools, extending its reach into the international aviation market.ICON Aircraft generates revenue through direct sales of the ICON A5 and associated training programs. The transaction structure is primarily a B2C model, where customers purchase the aircraft directly, often facilitated through personalized demos and consultations. The company offers ownership experiences, which provide customers with training and support services as part of the purchasing process. Additionally, revenue is supplemented through partnerships with a network of service providers that support maintenance and service needs for A5 owners. The company’s pricing structure reflects the premium nature of the A5 aircraft, along with the associated training and support services tailored to ensure customer satisfaction and safety.In 2017, ICON Aircraft raised USD 44 million in funding to support its growth strategy. The company is focusing on expanding its product offerings and may introduce new designs aimed at enhancing its aircraft portfolio. Additionally, ICON Aircraft is exploring opportunities for market expansion, particularly targeting international regions where recreational flying is gaining popularity. The new funding will be utilized to bolster these initiatives, aiming to enhance production capabilities and expand its reach in global markets.

## Funding rounds

- Series B, Jun 5, 2008, $5.9M — Seraph Group
- Series A, Jul 14, 2006, $1.5M — EDventure Holdings

## Investors

- EDventure Holdings (https://capitalatlas.ai/funds/edventure-holdings) — Series A
- Seraph Group (https://capitalatlas.ai/funds/seraph-group) — Series B