About airBaltic
airBaltic is a company based in Riga (Latvia) founded in 1995. It operates as a Pay-per-Use / Usage-Based. airBaltic has raised $444.94 million across 6 funding rounds from investors including European Union, Lufthansa Group and IFU. airBaltic offers products and services including Passenger Flights.
- Headquarter Riga, Latvia
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name As Air Baltic Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$444.94 M (USD)
in 6 rounds
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Latest Funding Round
$14.58 M (USD), Series E
Jan 30, 2025
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Acquired by
(Jun 01, 2020)
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Products & Services of airBaltic
airBaltic offers a comprehensive portfolio of products and services, including Passenger Flights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Passenger flights are operated across Europe and beyond.
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Funding Insights of airBaltic
airBaltic has successfully raised a total of $444.94M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $14.58 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series E — $14.6M
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First Round
First Round
(01 Jun 1995)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series E - airBaltic | Valuation |
investors |
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| Aug, 2021 | Amount | Grant - airBaltic | Valuation |
investors |
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| Jul, 2020 | Amount | Series E - airBaltic | Valuation | European Union |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in airBaltic
airBaltic has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Lufthansa Group and IFU. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Operator of passenger airlines
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by airBaltic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - airBaltic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Airbaltic Comparisons
Competitors of airBaltic
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about airBaltic
When was airBaltic founded?
airBaltic was founded in 1995.
Where is airBaltic located?
airBaltic is headquartered in Riga, Latvia.
Who is the current CEO of airBaltic?
Martin Gauss is the current CEO of airBaltic.
Is airBaltic a funded company?
airBaltic is a funded company, having raised a total of $444.94M across 6 funding rounds to date. The company's 1st funding round was a Series E of $281.08M, raised on Jun 01, 1995.
What does airBaltic do?
airBaltic is operated as a prominent regional airline based in Riga, Latvia. Services are provided across various European destinations and beyond, focusing on passenger transportation. The company is engaged in offering scheduled flights, connecting major cities with efficient travel solutions. Operations are centered in the aviation sector, ensuring connectivity for business and leisure travelers.
What products or services does airBaltic offer?
airBaltic offers Passenger Flights.
Who are airBaltic's investors?
airBaltic has 3 investors. Key investors include European Union, Lufthansa Group, and IFU.