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Avelo Airlines

Avelo Airlines

Private
Houston, TexasMobility, Transportation & Logisticshttps://www.aveloair.com/

Last Round

Series C

Sep 8, 2025

Total Funding Raised

$167M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Avelo Airlines is an ultra-low-cost carrier that provides scheduled passenger air transportation services, focusing on underserved routes and secondary airports across the United States.

Sector

Mobility, Transportation & Logistics

Verticals

Aviation & Drones, D2C Brands

Business Model

B2C

Customer Profile

Usage-Based SaaS, Services & Consulting

AI Layer

Application

Keywords

low-cost carrierLCCbudget airlinepoint-to-point travelnon-stop flightssecondary airportsancillary feesbudget traveldirect-to-consumerD2Cregional air travelleisure travelunbundled faresflight booking

Historical Pricing

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Caplight Momentum Score

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Avelo Airlines Comparables

Compare Avelo Airlines with similar companies based on industry and business-model similarity.

Avelo Airlines comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Breeze
92%
Breeze Airways
92%
Allegiant
85%

Avelo Airlines Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series CSep 8, 2025
Series BJan 6, 2022
Series AJan 1, 2020

Key People

Founding team and executive leadership

Andrew Levy

Founder, Chairman & CEO

Founding Team

Hunter Keay

Chief Financial Officer

Executive Team

Greg Baden

Chief Operating Officer

Executive Team

Avelo Airlines Investors

Notable investors and investment history

Avelo Airlines investors
InvestorRounds
Morgan Stanley Tactical ValueSeries A, Series B
Morgan StanleySeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 1, 2026

    Adding two new routes to Cleveland starting June 1, 2026.

  • Mar 18, 2026

    Introducing new non-stop flights to Indianapolis.

Avelo Airlines Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Avelo Airlines Filings

SEC and related filings with document metadata.

Firmographic Details

HeadquartersHouston, Texas
Employee Range583
Year Founded1987
Last FundingSep 8, 2025

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