Startup Avelo Raises $42M In Series B Funding

Ben Goldstein January 06, 2022
Avelo Boeing 737
Avelo Boeing 737
Credit: Avelo Airlines
Startup ULCC Avelo Airlines announced that it raised $42 million in Series B funding, increasing its base of invested capital to over $160 million. The funding round was led by an investment fund managed by Morgan Stanley Tactical Value, which injected an additional $30 million beyond its previous...
Ben Goldstein

Based in Washington, Ben covers Congress, regulatory agencies, the Departments of Justice and Transportation and lobby groups.

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