190522 VOL View03 VATO HiRes e1632850796927

DEALS | Flying taxi startup lands $23m

Skyports, the company behind air taxi infrastructure in cities like London and Paris, has completed a Series B funding round with backing from investors around the world.

Securing $23m in new capital, Skyports said it will accelerate its work with leading electric air taxi manufacturers and operators, providing take-off and landing infrastructure in key markets.

Ongoing projects include the £7bn Brent Cross regeneration in London where it is working with Argent Related and Barnet Council to introduce commercial passenger flights as early as 2025.

Meanwhile, in Paris Skyports has plans to develop Europe’s first ‘vertiport’ for electric vehicle take-off and landing aircraft in time for the 2024 Olympics.

The startup has also struck deals to develop advanced air mobility globally, including in Japan, Malaysia and the Americas.

Flying taxis are coming to a city near you

Each of the startup’s existing institutional shareholders participated in the latest round, including Deutsche Bahn Digital Ventures, Groupe ADP, Solar Ventus, Irelandia and Levitate Capital.

Other investors included Japanese conglomerate Kanematsu Corporation, industrial developer Goodman Group, Italian airport platform 2i Aeroporti – backed by Ardian’s Infrastructure Fund and F2i Italian Infrastructure Fund – and US based VC firm GreenPoint.

Duncan Walker, CEO of Skyports, said “This is another great milestone for Skyports as we continue our journey to be the leading vertiport owner and operator in the world.

“The support of our original investors who have deep experience in aviation and infrastructure and the addition of new capital from world class companies with a global footprint enables us to build the air taxi ecosystem alongside our best-in-class vehicle partners for initial operations within a couple of years.

“Our growing drone services business puts us ahead of the curve with technology development, regulation and operational experience whilst reducing carbon emissions by using drones for a broad range of customers.”

Recent deals

Name | Heirloom

Sector | Carbon capture

What it does | Heirloom aims to remove 1bn tonnes of carbon dioxide from the atmosphere by 2035 through a process called carbon mineralisation. By using minerals that bind to CO2, the startup says it can capture carbon and store it underground.

Deal details | Heirloom raised $53m in Series A funding, led by Carbon Direct Capital Management, Ahren Innovation Capital and Breakthrough Energy Ventures. The Microsoft Climate Innovation Fund also participated.

Why? | Being able to remove carbon dioxide from the atmosphere will be crucial to limiting the effects of climate change.

Read more

Name | Vertis

Sector | Workspace data

What it does | Vertis helps employers make real estate decisions by providing insights into how employment, compensation and other metrics compare in different places, and how these could change in the future.

Deal details | Analytics automation company Alteryx made a strategic investment for an undisclosed amount in Vertis.

Why? | Figuring out people’s working trends and habits is a priority for occupiers as the office sector evolves, and Vertis – which counts WeWork among its customers – allows companies to visualise both internal and external workforce data.

Read more

Name | Spica Technologies

Sector | Building management

What it does | Spica is a workplace management platform that integrates with existing software and hardware in a building to offer analytics, tenant experience features, compliance tools and more.

Deal details | Scandinavian smart buildings system integrator Nordomatic acquired Spica for an undisclosed sum.

Why? | Spica’s software is used in 25m sq ft of office space across Europe, North America and Asia Pacific, giving Nordomatic a bigger global footprint. Tim Streather, CEO of Spica, also told PlaceTech that the acquisition gives Spica and its clients access to new tools from Nordomatic around energy efficiency and sustainability, which it otherwise would have had to spend several years developing on its own.

Read more

Your Comments

Read our comments policy

Related Articles

Sign up to receive the PlaceTech Weekly

Keep informed on the latest products, trends and research in property, for free.


Keep informed on the latest products, trends and research in property, for free.
By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy

"*" indicates required fields