About Overair
Overair is a company based in Fountain Valley (United States) founded in 2019 by Abe Karem.. Overair has raised $170 million across 2 funding rounds from investors including Hanwha and Hanwha Aerospace. Overair offers products and services including Site Maintenance and Platform Reliability.
- Headquarter Fountain Valley, United States
- Founders Abe Karem
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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 Overair 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
$170 M (USD)
in 2 rounds
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Latest Funding Round
$145 M (USD), Series B
Jun 14, 2022
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Investors
Hanwha
& 1 more
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Employee Count
Employee Count
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Products & Services of Overair
Overair offers a comprehensive portfolio of products and services, including Site Maintenance and Platform Reliability. 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.
Maintenance of websites is performed to enhance reliability and performance
Reliability services for digital platforms are provided to support operational continuity
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Funding Insights of Overair
Overair has successfully raised a total of $170M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $145 million completed in June 2022. 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 2
- Last Round Series B — $145.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Overair | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Overair | 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 Overair
Overair has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Hanwha and Hanwha Aerospace. 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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Manufacturer of solar cells, modules, and other related components
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Founded Year | Domain | Location | |
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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 Overair
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Overair
| 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 |
Overair Comparisons
Competitors of Overair
| 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 Overair
When was Overair founded?
Overair was founded in 2019.
Where is Overair located?
Overair is headquartered in Fountain Valley, United States. It is registered at Fountain Valley, California, United States.
Is Overair a funded company?
Overair is a funded company, having raised a total of $170M across 2 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Jun 01, 2019.
What does Overair do?
Overair was established in 2019 in Fountain Valley, United States, within the aviation sector. Chartered flight services are offered by the company, focusing on transportation needs. Operations are managed from the US location, with Abe Karem listed as co-founder. Emphasis is placed on reliable air travel solutions for business and personal use, serving regional and domestic routes.
What products or services does Overair offer?
Overair offers Site Maintenance and Platform Reliability.
Who are Overair's investors?
Overair has 2 investors. Key investors include Hanwha, and Hanwha Aerospace.