Skift Take
Multiple travel startups raised nearly half of a billion dollars a couple of weeks ago. It's a bigger group again this week, but they're all smaller numbers this time.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
It was another busy week for travel startup funding, and this time it was all early rounds with lower amounts.
Eight industry startups from a variety of sectors and geographies announced fundraises of more than $30 million over the last week.
Cosmic Aerospace: $4.5 millionCosmic Aerospace, which is developing an electric aircraft for flights of up to 600 miles, has raised $4.5 million in seed funding.
Pale Blue Dot led the round, with support from deep tech and fellow climate tech investors including Aera VC, Visionaries Club Tomorrow, Fifty Years, Possible Ventures, Syndicate One, Course Corrected, Understorey Capital, and Samurai Incubate.
Colorado-based Cosmic Aerospace said it is focused on developing a highly efficient airframe and propulsion system instead of relying on future battery improvements.
“The technology exists to build long-range electric aircraft, but needs to be developed into a commercial product that is certifiable in current and future regulatory frameworks,” the company said in a statement.
The startup plans to test its first flight in 2026 and begin service at the end of the decade.
Cosmic said it is in business deal discussions with various airlines and other key aviation industry s