Japanese start-up JCAS Airways (Osaka Kansai) has raised JPY300 million yen (USD2.1 million) in its first Pre-Series A funding round, according to a September 18 media release from the carrier. The airline says it has raised approximately JPY450 million (USD3.13 million) to date.

“We have raised funds from companies in Toyama Prefecture, where a route will be operated, in the first close of the pre-series A round,” the release reads. “The funds raised this time will be used for equipment leasing, system development, personnel…

Source: ch aviation
Read more: Japan's JCAS Airways raises ¥300mn in pre-series A funding