Beacon, the premier all-you-can-fly frequent flyer membership in the Northeast, announced today that $7 has been completed. $5 million in Series A and other financing led by Romulus Capital with MiVentures, Western Technologies Investment and several other early-stage investors
‘The Beacon approach has an incredible potential to disrupt the tired, old and not very pleasant experience of point-to-point travel, not just between Boston and New York, but across the country.’
Beacon is bringing an innovative, convenient and sleek travel experience to the Northeast, with plans to launch at the end of summer 2015. For as little as $2,000 a month, Beacon offers unlimited access to scheduled scheduled flights, with reservations, changes and cancelations made as little as 20 minutes prior to departure at no additional cost, via the Beacon app. Beacon will provide efficient travel between New York and Boston, as well as the seasonal destinations of Nantucket and Hamptons.
Three of Beacon’s co-founders-Wade Eyerly, Cory Cozzens and Reed Farnsworth-were formerly co-founders of California-based Surf Air, a pioneer in the West Coast travel subscription concept. Ryan Morley is a co-founder of Beacon, too
Beacon CEO and co-founder Wade Eyerly said, ‘Travelling doesn’t have to be a cattle call kind of experience. Frequent travelers in the Northeast Corridor are eager to see options that go beyond the airline shuttles and the Acela. We are committed to helping travelers save time on their journeys. We already see demand well beyond our initial expectations We’re excited about the support we’re getting from our investors and we’re looking forward to our first flights in just a few weeks. ”
Romulus Capital led the recently completed Series A financing round The funding will be used mainly for sales, marketing and growth
‘The Beacon approach has an incredible potential to disrupt the tired, old and not very pleasant experience of point-to-point travel, not just between Boston and New York, but across the country,’ said Neil Chheda, co-founder and General Partner at Romulus Capital. ‘The subscription model has already caught fire in many industries, and consumers instinctively understand it. The travel industry is ripe for change and the Beacon approach provides convenience, comfort and fresh air for travelers who are ready for a better way to fly. ”
Beacon’s experience incorporates a range of conveniences and conveniences that enhance the entire travel experience. Beacon offers high-touch concierge service throughout the travel process; a custom booking app that streamlines and simplifies the reservation management process; and private terminals paired with executive aircraft, both designed to help travelers stay productive and comfortable on the ground and in the air. All members joining Beacon before 1 August will benefit from exclusive Inaugural Member benefits as well as a waived $1,000 entry fee.
Please visit www to learn more about Beacon. Flying Beacon Come on,
Towards Beacon:
Launching 15 September, Beacon is an unlimited flight solution for the Northeast Corridor. Starting with a team behind Surf Air, Beacon is a new travel solution for the Northeast. For as low as $2,000 a month, Beacon members will have access to scheduled flights operated by one of Beacon’s licensed operating partners on mid-sized executive aircraft. With concierges located in the private air terminals used by Beacon, ready to help with everything from car rentals, drinks or flowers, the Beacon team combines high-touch service with air travel to create a one-of-a-kind experience. For more information about Beacon, the team, or membership, please visit www. Flying Beacon Come, @flybeacon, facebook, Instgram and com/flybeacon Flybeacon/Com Beacon shall act as agent for its members and shall not own or operate the aircraft used for its service. All flights provided to Beacon members are operated by air carriers holding the necessary government authorizations.
About the capital Romulus:
Romulus Capital is a seed-stage venture capital firm focused on building and not betting on the next major technology and science-enabled companies. The firm partners with entrepreneurs looking to become industry leaders and works with them to build world-class teams, win major customers, iterate on products, and think strategically about building a strong foundation. The company was founded out of MIT in 2008. More information can be found at http://www Romaluscap Come on,
Investment in Western Technology:
Founded in 1980, Western Technology Investment (‘WTI’) is a Silicon Valley-based venture company specializing in early, emerging and late-stage technology investment. The portfolio includes Facebook, Google, Palantir, Juniper Networks, InvenSense, Brocade, Cerent, Postini, Youku and IronPort. WTI is currently investing in its 14th fund. Further information can be found at www Western technology Come on,
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