Startups This Week

It's a slow start to the year, but travel startup funding is sure to pick up.

Archer Aviation has raised $660 million this year alone, while competitor Lilium is going through bankruptcy proceedings after burning through $1 billion. It takes a lot of money to get new planes into the sky.

The nearly $1 billion in fundraises in November has been driven by startups for hotel tech and flying taxis.

Nineteen travel startups raised $1.1 billion near the start of October. Then it slowed down.

Joby Aviation and Toyota are among multiple transport companies that want to see flying taxis as part of everyday commercial travel. If everything stays on track, that could start becoming a reality in 2026.

Twelve’s massive total fundraise of $645 million shows that the company is positioning itself for a future where alternative jet fuels aren’t just trendy, but essential. Skift has now reported 16 travel startups that have raised over $100 million so far this year.

Startups developing next-generation aircraft and components have raised over half a billion dollars in venture capital so far this year.

Travel startup funding in August started with a bang and ended with a whisper.

Travel startups announced fundraises over the last week exceeding $400 million.

One startup fundraise this week — the largest yet this year — also outdid the top two deals in 2023 by GetYourGuide and Klook.