Sunstone Venture Capital Fund has announced it has invested in Boom Supersonic´s USD 100m Series B raise, the company said.
The Denver-based aerospace startup is seeking to make supersonic air travel dramatically more accessible worldwide. Sunstone was joined by Y Combinator Continuity and other investors in this funding effort.
Boom Supersonic is developing an aircraft that will render supersonic flight an efficient and mainstream option in passenger travel.
The company previously raised funds from seed investors and early strategic partners, and already boasts 30 orders from Virgin Atlantic Airways and Japan Airlines. The successful Series B raise will allow Boom Supersonic to continue prototype construction and testing so that it can fulfill its mission to deliver affordable, high speed transportation to commercial travelers.
Sunstone Management, with its subsidiary Sunstone Venture Capital Fund, is a diversified private capital management and investment firm offering comprehensive wealth management solutions to high net worth clients worldwide, in particular US new-immigrant families.