Surf Air Announces Funding From Multiple Investors Including Anthem Venture Partners, NEA and Noted Actor Jared Leto

SANTA MONICA, Calif., June 6, 2012 /PRNewswire/ -- Surf Air, a new, all-you-can-fly membership-based airline, announced today a key round of funding from multiple sources including Anthem Venture Partners, NEA, actor Jared Leto, Mike Walsh, TriplePoint Capital, Siemer Ventures, Baroda Ventures, Gilad and Eytan Elbaz, Rick Caruso, and Jeffrey Stibel.

The funding will allow Surf Air to continue its plans to launch a unique membership-based private air service in the late summer of 2012. The initial launch will provide members with convenient and luxurious flights between important California cities including Palo Alto, Monterey, Los Angeles, and Santa Barbara.

"We are very pleased to fund Surf Air, which possesses the right blend of industry vision and superior management which is the recipe for success," said William Woodward, Partner at Anthem Venture Partners. "The private air industry is ripe for innovation, and Surf Air's membership model will be very attractive to a wide range of business and leisure travelers."

Surf Air is now accepting wait list member applications at SurfAir.com and has already signed on 500 Founding Members for its first launch market servicing Palo Alto, Monterey, Santa Barbara and Los Angeles. It is also taking wait list applications for its subsequent launch markets around the U.S.

"Beyond having an unstoppable team of talent at the company and an exciting vision for the future of travel, Surf Air has a revolutionary approach quite unlike anything I've seen before," said Mr. Leto. "Their unique perspective on the airline industry gives us all an opportunity to fall in love with flying again." 

"This round of funding allows us to reach our goal of launching a truly unique air service model that will transform how people view private air travel," said Wade Eyerly, CEO and Founder of Surf Air. "Participating in this round are some of the highest level investment firms and individuals in the industry, which is a testament to their faith in our sound business model. We offer safe and luxurious travel at a very attractive flat monthly rate, making it an ideal choice for entrepreneurs and other professionals who want flexibility and convenience without the hassles of commercial travel." 

Noted serial investor Matt Edelman commented "I have not come across a founding team of entrepreneurs who is so perfectly positioned to be successful. Surf Air will surprise people with how quickly it grows - the airline industry is about to get a wake-up call."

For as low as $790 a month, Surf Air members will enjoy unlimited, scheduled flight benefits, on-site concierge service and first-class luxury on mid-sized executive aircraft.  Surf Air eliminates the hassles, cost and wasted time of current travel options by offering its members 30-second booking and cancellations, travel to and from uncongested regional airports, and an easy arrive-and-fly process with no hassle, no lines and no extra fees.   In addition to the standard membership benefits, Surf Air Founding Members will receive unlimited complimentary guest passes and have access to exclusive events and offers. Founding Membership is a three-month, early adopter membership that initiates when Surf Air launches service this summer.

For additional company and membership purchase information, please visit: www.surfair.com and facebook.com/isurftheskies, twitter.com/isurftheskies and youtube.com/isurftheskies. The company launched from MuckerLab, a mentorship driven accelerator program based in Los Angeles

About Surf Air

Launching in the late summer of 2012, Surf Air simplifies and enhances the flying experience through an exclusive all-you-can-fly monthly membership. Surf Air plans first-class service on executive aircraft to and from convenient local airports in Palo Alto, Monterey, Santa Barbara and Los Angeles,* with extended service to Las Vegas and Lake Tahoe to follow. Operating out of local mid-sized airports, the company offers an affordable and sophisticated travel experience for frequent regional travelers. For more information, visit www.surfair.com, facebook.com/isurftheskies, twitter.com/isurftheskies and youtube.com/isurftheskies.

*Service is subject to receipt of regulatory approvals.

SOURCE Surf Air

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