About Aspen Avionics
Aspen Avionics is a company based in Albuquerque (United States) founded in 2004 was acquired by AIRO in August 2020.. Aspen Avionics has raised $23.43 million across 5 funding rounds from investors including Trinity Cap, Sun Mountain Capital and New Mexico Community Capital. Aspen Avionics offers products and services including Evolution Flight Displays, ADS-B Solutions, and Aspen NexNav GPS Solutions. Aspen Avionics operates in a competitive market with competitors including Innovative Solutions & Support, Avidyne, Sandel Avionics, Astronautics and NavTech, among others.
- Headquarter Albuquerque, United States
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspen Avionics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.43 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Debt – Venture
Jun 01, 2015
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Investors
Trinity Cap
& 7 more
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Employee Count
Employee Count
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Acquired by
AIRO
(Aug 11, 2020)
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Products & Services of Aspen Avionics
Aspen Avionics offers a comprehensive portfolio of products and services, including Evolution Flight Displays, ADS-B Solutions, and Aspen NexNav GPS Solutions. 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.
Flight display systems for aircraft navigation and monitoring.
Systems for aircraft tracking and communication purposes.
GPS tools for aircraft integrators and manufacturers.
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Funding Insights of Aspen Avionics
Aspen Avionics has successfully raised a total of $23.43M across 5 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $5 million completed in June 2015. 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 5
- Last Round Debt – Venture — $5.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Debt – Venture - Aspen Avionics | Valuation |
investors |
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| Oct, 2014 | Amount | Series C - Aspen Avionics | Valuation |
investors |
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| Oct, 2012 | Amount | Series C - Aspen Avionics | Valuation |
investors |
| 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 Aspen Avionics
Aspen Avionics has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Trinity Cap, Sun Mountain Capital and New Mexico Community Capital. 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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Venture debt and equipment financing are provided to growth-stage companies.
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Founded Year | Domain | Location | |
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Early-stage US tech companies are invested in by the firm.
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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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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 Aspen Avionics
| 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 - Aspen Avionics
| 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 |
Aspen Avionics Comparisons
Competitors of Aspen Avionics
Aspen Avionics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Innovative Solutions & Support, Avidyne, Sandel Avionics, Astronautics and NavTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aircraft parts, instruments, and aviation products are provided.
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| domain | founded_year | HQ Location |
GPS-based flight navigation and deck systems for aircraft are provided.
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| domain | founded_year | HQ Location |
Avionics for rotorcraft and fixed-wing aircraft are developed and manufactured.
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| domain | founded_year | HQ Location |
Developer of flight display systems
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| domain | founded_year | HQ Location |
Flight operations software, charts, and navigation tools are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Aspen Avionics
Frequently Asked Questions about Aspen Avionics
When was Aspen Avionics founded?
Aspen Avionics was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is Aspen Avionics located?
Aspen Avionics is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Is Aspen Avionics a funded company?
Aspen Avionics is a funded company, having raised a total of $23.43M across 5 funding rounds to date. The company's 1st funding round was a Series C of $12.8M, raised on Dec 01, 2005.
What does Aspen Avionics do?
Aspen is engaged in producing aftermarket EFIS display systems that retrofit into certified general aviation aircraft. Its products increase situational awareness and reduce pilot workload, facilitating flying in both VFR and IFR conditions. Company makes product for general aviation, helicopters, Class 3 aircraft etc. Company was awarded a U.S. patent for its connected panel wireless cockpit system that connects FAA certified avionics with non certified handheld devices.
Who are the top competitors of Aspen Avionics?
Aspen Avionics's top competitors include Innovative Solutions & Support, Astronautics and Sandel Avionics.
What products or services does Aspen Avionics offer?
Aspen Avionics offers Evolution Flight Displays, ADS-B Solutions, and Aspen NexNav GPS Solutions.
Who are Aspen Avionics's investors?
Aspen Avionics has 8 investors. Key investors include Trinity Cap, Sun Mountain Capital, New Mexico Community Capital, Granite Ventures, and EPIC Ventures.
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