16 May 2024
Flight-sharing platform Wingly has started a crowdfunding campaign to raise investment for expanding its operations.
It follows a €3.5m capital increase from its historic investors, including the Innovacom Venture Capital fund. Innovacom has also invested in French aircraft manufacturers Elixir Aircraft and Aura Aero.
Wingly is available in five countries: France (with 40% of the market share), Germany (35%), the UK (10%), Switzerland and Austria. The company recently celebrated its 100,000th passenger flight and has achieved an average turnover growth of +30% per year since 2019, including the Covid years.
Flight-sharing allows pilots to afford to fly more, and is often the first flight in a light aircraft for many passengers. Photos: Wingly
The crowfunding campaign is on the international Crowdcube platform. Wingly offers its members the same investment conditions as its institutional investors.
“For Wingly, it is a way of engaging and uniting its community of over 450,000 members, including 25,000 private pilots,” said co-founder Emeric de Waziers.
“We always had requests from our members, particularly our pilot members, to invest in our start-up when announcing our past fund-raises. It is the perfect occasion! There’s nothing more beautiful and logical than sharing the success of our company with our users who bring it to life every day.
“With this round of financing, we will be able to demonstrate the profitability of our model before launching our platform in other European countries. In other words, our aim is to become profitable before Wingly turns 10 in 2025.”
The crowdfunding campaign was launched on Monday 13 May and will be accessible via the Wingly and the Crowdcube websites until 19 June 2024.
