New York-based air transportation company Wheels Up has secured $128 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 9 and led by T. Rowe Price.
According to its Crunchbase profile, "Wheels Up, the most intelligent private aviation solution, is a revolutionary membership-based private aviation company that significantly reduces the upfront cost to fly privately, while providing unparalleled flexibility, service and safety. Wheels Up offers individual, family and corporate members exceptional world-class service with around-the-clock support. The cutting-edge Wheels Up mobile app enables members to seamlessly book flights, manage their accounts and participate in ride-share opportunities."
The six-year-old company has raised five previous funding rounds, including a $117 million private equity round in 2017.
The round brings total funding raised by New York companies in transportation over the past month to $208 million, an increase of $199 million from the month before. The local transportation industry has produced 51 funding rounds over the past year, yielding a total of $506 million in venture funding.
In other local funding news, video games company Statespace announced a $2.5 million seed funding round on Aug. 8, led by FirstMark.
According to Crunchbase, "StateSpace provides performance analytics and a suite of tools for casual gamers and eSport athletes to maximize their potential."
The company also raised a seed round in 2018.
Meanwhile, employment and career planning company MEDIJobs raised $900,000 in seed funding, announced on Aug. 7.
From the company's Crunchbase profile: "MEDIjobs is the fastest growing career marketplace for health care professionals. Our mission is to positively impact the health care industry as a whole by helping doctors and nurses navigate through their careers successfully."
MEDIJobs last raised $148,251 in pre-seed funding in 2018.
Also of note, children and ride sharing company GoKid raised $90,000 in grant funding, announced on Aug. 8 and financed by PlanetM.
From Crunchbase: "GoKid provides schools, teams and active families with a powerful tool to manage day-to-day transportation schedules. Before GoKid, there was no easy way to organize kids’ carpools. Our mobile app integrates key technologies that make carpool setup and management easy."
The company previously raised $700,000 in seed funding in 2018.
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