Aviation club announces $9.75 million fundraising round

The funds are expected to scale operations and expand the fleet, destinations and flight availability.

By Business Observer Staff
| 2:57 p.m. July 28, 2022
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AeroVanti recently announced a Series A fundraising round of $9.75 million. (Courtesy photo)

Manatee-Sarasota

Through engagement with a securities firm, a local aviation club recently announced a Series A fundraising round that is expected to bring in up to $9.75 million.

AeroVanti Air Club, which is headquartered in both Sarasota and Annapolis, Maryland, is going through New Jersey-based firm Network1 Financial Securities Inc. for the funding. The capital infusion is expected to help scale operations, grow the company’s airline fleet and expand the destinations and flight availability.