Skyryse was founded in 2016 by Mark Groden and Mitch Adler. The company has not publicly endorsed plans to participate in an IPO.
Skyryse is the developer of a flight automation technology stack. The product can be retrofitted onto any aircraft, allowing experienced pilots to operate new aircraft and helping novice flyers learn more quickly. The company states that its goal is to improve aviation safety. Skyryse has raised $250 million in venture capital funding to date, with contributions from Fidelity Management, Monashee Investment Management, ArrowMark Partners, Republic Capital, Raptor Group, and others. Skyryse did not disclose valuation figures following a $200 million Series B fundraise in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/27/2021 | Series B-2 | $2.67MM | $xx.xx | $549.86MM | ||
Price per Share
$xx.xx
Shares Outstanding
304,383
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
10/27/2021 | Series B-1 | $14.38MM | $xx.xx | $549.86MM | ||
Price per Share
$xx.xx
Shares Outstanding
705,306
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
10/27/2021 | Series B | $182.95MM | $xx.xx | $549.86MM | ||
Price per Share
$xx.xx
Shares Outstanding
7,412,920
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
12/17/2019 | Series A-1 | $21.83MM | $xx.xx | $151.94MM | ||
Price per Share
$xx.xx
Shares Outstanding
2,647,963
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
08/28/2018 | Series A | $15.01MM | $xx.xx | $63.05MM | ||
Price per Share
$xx.xx
Shares Outstanding
2,812,199
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
12/05/2016 | Series Seed-1 | $19,999 | $xx.xx | $49,999 | ||
Price per Share
$xx.xx
Shares Outstanding
17,342
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|
||||||
12/05/2016 | Series Seed | $2.91MM | $xx.xx | $7.35MM | ||
Price per Share
$xx.xx
Shares Outstanding
1,894,094
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
|