Companies · Airlines and Airports

Surf Air Mobility Inc.New on the radar

Hawthorne · Airlines and Airports

Diligence memoA one-page analyst read on Surf Air Mobility Inc. — recommendation, valuation, rhythm, risks.
$83.7M
Total raised · real
1
Rounds
Latest step-up
Top 10%
Sector rank · raised
Series C
Latest stage · inferred · Mon Nov 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Surf Air Mobility Inc. has raised $84M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the airlines sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 8 mo ago; this sector typically re-raises about every 9 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Airlines and Airports

Surf Air Mobility Inc. is one of 76 Airlines and Airports companies tracked from Hawthorne. By capital raised it ranks among the largest (ahead of 91% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

mobility

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(b)
Reg D exemption
4
Investors (latest)
2021
Year incorporated
2025-11-10
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries C · 2025-11-10 Raised $84M (real) Modeled valuation $401M (est)$84M$401MSeries C2025

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$83.7M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$401.1M
Base estimate est.
$291.4M
Conservative case
$505.4M
Upside case
$558.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the airlines sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
70%
Survival probability
52% low · 81% high
1.04×/yr
Annual markup
1.19×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
airlines
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.6 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 76 companies in Airlines and Airports. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 19× above median
This company$83.7M
Sector median$4.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.2× above median
This company$83.7M
Sector median$71.9M
Modeled value — vs sector median (estimate, all stages) 32× above median
This company$401.1M
Sector median$12.6M

Raised more than 91% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Surf Air Mobility Inc. this companySeries C$83.7M$401.1M1.15×
Bond Aviation Holdings, LLCSeries C$60.6M$294.2M0.85×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$83.7M2025-11-10$558.2M$401.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$83.7M2025-11-10
    • First recorded raise — entered as Series C.
    • 4 investors on this round.
Intelligence
Modeled next raise
$134.0M
Modeled next size est.range $87.1M$214.3M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John D'Agostino4 other2025-11
Bruce Hack3 other2025-11
Sudhin Shahani3 other2025-11
David Anderman1 other2025-11
Carl Albert2025-11
Deanna White2025-11
Edward Mady2025-11
Oliver Reeves2025-11
Shawn Pelsinger2025-11
Tyler Painter2025-11
Registry & provenance

Surf Air Mobility Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1936224
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Avelo, Inc.Airlines and AirportsSeries C$114.2M$40.3Msame sector · same stage
Bond Aviation Holdings, LLCAirlines and AirportsSeries C$60.6M$294.2Msame sector · same stage
Jaunt, Inc.Other TechnologySeries C$66.7M$2.1Bnetwork1 shared operator · same stage
Surf Air Inc.Other TravelSeries A$17.9M$53.4Mnetwork2 shared operators
Surf Air Global LtdOther TechnologySeries A$9.9M$166.4Mnetwork2 shared operators
Azul SaAirlines and AirportsSeries B$35.0M$197.4Msame sector
Volato, Inc.Airlines and AirportsSeries B$32.6M$43.6Msame sector
Solairus Ultimate Holdings, LlcAirlines and AirportsSeries B$30.5M$158.1Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Surf Air Inc.Other TravelSeries A$53.4M88%
Surf Air Global LtdOther TechnologySeries A$166.4M85%
Breeze Aviation Group, Inc.Airlines and AirportsSeries D+$123.1M78%
Mint Air, IncOther TravelSeries B$209.3M78%
Aerodrome Development CorpAirlines and AirportsSeries A$25.7M77%
Surff Inc.Other TechnologyPre-Seed$9.1M76%
Global Crossing Airlines Group Inc.Airlines and AirportsSeries A$23.3M76%
Seaborne Airlines, Inc.Airlines and AirportsSeed$2.1M76%
Frequently asked
How much funding has Surf Air Mobility Inc. raised?
Surf Air Mobility Inc. has raised approximately $83.7M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Surf Air Mobility Inc.'s estimated valuation?
Provath's modeled valuation for Surf Air Mobility Inc. is approximately $401.1M (modeled range $291.4M–$505.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Surf Air Mobility Inc. at?
Surf Air Mobility Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Nov 10.
What does Surf Air Mobility Inc. do and where is it based?
Surf Air Mobility Inc. operates in the Airlines and Airports sector, based in Hawthorne.
Explore related

See where Surf Air Mobility Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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