FlightLogger Announces Additional Growth Investment from Arcadea Group
September 09 2024 - 3:53PM
Business Wire
Arcadea Group completes follow-on growth equity investment in
FlightLogger to accelerate global expansion and enhance its product
offerings.
FlightLogger, the leading provider of cloud-based flight school
management software, has secured an additional, significant growth
investment from Arcadea Group, a permanent capital investor in
high-growth VSaaS companies. This marks the second growth equity
investment led by Arcadea in FlightLogger, with the first completed
in 2022.
With this new investment, FlightLogger is poised to accelerate
its product roadmap and market coverage, including groundbreaking
features like an AI-driven auto-scheduling suite and
advanced analytics tools, ensuring that flight academies
using the software remain at the cutting edge of technology and
efficiency.
Paul Yancich, Managing Director of Arcadea, highlighted the
strategic decision behind the additional investment: " FlightLogger
has surpassed our expectations and has an even bigger opportunity
than we had originally thought. This capital will accelerate what
they’re already doing so well.”
Mads Larsen, CEO of FlightLogger, added, “While competitors are
driven by short-term financial targets, FlightLogger remains
focused on delivering value and innovation for the long haul. Our
long-term success relies on our ability to continuously add more
value to flight academies. This investment allows us to accelerate
our ambitious roadmap, including our soon-to-be-released AI-driven
auto-scheduling suite, insights tools, and other products and
enhancements.”
Kenneth Jeppeson, Founder and continued equity holder of
FlightLogger, added, “Our vision for the industry is bold and
ambitious. We’re thrilled to be able to add additional resources in
order to execute against our customer-centric approach to
growth.”
About FlightLogger
FlightLogger, founded in 2011, provides a comprehensive
cloud-based platform designed specifically for flight schools. The
software integrates scheduling, student management, maintenance
tracking, and billing into one seamless system, helping flight
schools of all sizes operate more efficiently. FlightLogger’s
platform is used by 200 flight schools across Europe, Asia, North
America, and beyond. For more information, visit
flightlogger.net.
About Arcadea Group
Arcadea Group invests in high-quality, capital-efficient,
founder-led software companies over ultra-long-term durations. With
offices in Toronto, Canada, and Orlando, Florida, and investments
globally, Arcadea leverages its permanent capital structure to
support the long-term growth potential of industry-leading SaaS
vendors.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240909843334/en/
FlightLogger Mads Larsen, CEO mads@flightlogger.net
flightlogger.net