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SkyHi isn't accepting new investments

SkyHi’s deadline was March 1, 2020

Follow the company to stay updated on their progress, including future investment opportunities


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Campaign ended
Logo of SkyHi

SkyHi

Monthly subscription for flat rate airline tickets
Travel Booking B2C Subscription Diverse Founders Apps
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Featured image of SkyHi
$268,456
Raised
1,077
Investors
Successfully funded and closed on March 1, 2020.
Invest in SkyHi

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Pitch Updates 19 Reviews 254
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Closed on March 1, 2020. Information may not be up-to-date. Campaign closed on March 1, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SkyHi Travel, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
SkyHi Crowd SAFE Form C-A SkyHi 1.7.20.pdf
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Hear from some of the 1,077 investors in SkyHi


Show more

Highlights


$1M+ raised
Company has previously raised over $1M in capital
$250K+ revenue
Company had over $250K in revenue in the past 12 months
Leading VC-backed
Company is backed by a leading VC firm
  • Members join to get access to flat-rate flights for just $35, $75, or $120
  • Serving 93 cities & over 4,200 routes through North America and Europe
  • A fast, simple, and the first ever one-click booking process
  • Know what you'll pay, each and every time you fly; prices never change
  • $1.125MM Raised
  • $600,000+ ARR
  • 25% margins on airline ticket sales, 5x the industry average

Problem


People are paying way too much for airline tickets 

Traditional travel booking is time consuming, anxiety provoking, and unpredictable with forever-changing prices. 

Many travelers book on the go. More than 60% of US travelers state they will book a last minute trip on impulse and for a good deal. But these last-minute travelers are often paying an average of 33% more for their tickets. This is $60B problem.

Solution


A radical new way to book low-cost travel

We’ve built the first subscription service for commercial airlines. For a monthly fee, our members get access to low, flat-rate prices on air travel. 

Our algorithms predict the travel patterns of our members, and takes into account historic and future predictions to get you the best seat at a low price that doesn’t change. 

Product


Booking with SkyHi is simple

Pay a $199 monthly fee to become a member.

Then,  members can:

  1. Pick a travel destination, and pay just $35, $75, or $120 depending on distance.

  2. Claim a seat and get a fully serviceable ticket in under a minute

  3. Book and manage the confirmation, all within the app


Traction


Flying to 93+ cities and 150+ airports

SkyHi has cleared several travel industry hurdles to bring our service to over 150 airports across North America and Europe. We’ve successfully received the legal clearance required to book and issue tickets, along with technical clearance to work with distribution channels.

We also have direct partnerships with airlines, and will continue to secure more of these relationships in the future

Through our partnerships and brand ambassadors, we'll reach an audience of 20M+ people this year alone.

Some of our partners include:

We're being talked about

Customers


Our customers love the convenience

Prices never fluctuate, they don’t waste time on booking sites, and booking is just one tap.  

Our current customers range from their early twenties to retirees. In particular, we reach young professionals who need to fly 2 times or more a month.

Airlines love us because we can provide valuable insights on consumer behavior from exploration to booking, allowing us to forecast demand.

Business model


A goal of $200 million in revenue by 2023

We have consistent monthly subscription revenue, as well as additional revenue from airline booking fees. At our current rate, we expect our annual growth to be 500% by the end of 2020, with a total of $3M+ revenue. Our goal is to increase this to $200M in revenue by 2023. 

We also plan to roll out new booking services, such as hotels and other travel amenities. 

Market


Addressing an $871B+ market

Our target market consists mainly of young professionals and millennials - those who need to book flights regularly on short notice and those who would prefer to spend their money traveling. We are reaching this market by partnering with social media influencers and by developing partnerships with travel-related communities and media sites. In total, the market for airline travel is $871B+ in flights booked, and our segment of the market combines both immediate ticket booking with secure and reliable air travel.

Competition


SkyHi is the faster, easier booking option

Unlike other companies, SkyHi delivers across the market by offering fixed prices and a large number of choices on our easy-to-use booking platform. While there are other flight booking platforms that can get you places, SkyHi is the only one that offers a variety of different routes all at a fixed price, without the worry of any additional fees. 

Vision and strategy


SkyHi has big plans for the next three years

With a fundraising goal of $2M, we hope to grow our team, improve our search algorithms, and expand our routes to Asia and South America. Currently, we’ve raised $1.125M+ from investors in the airline industry and through our participation in Techstars.

Funding


Raised $1.125M+ to date

We've raised from investors in the airline industry and through our participation in Techstars.

Founders


Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for SkyHi occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that SkyHi is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
SkyHi needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SkyHi Travel, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
SkyHi Crowd SAFE Form C-A SkyHi 1.7.20.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in SkyHi.
Invest
$200
Receive
  • $35 in flight credit.
Invest
$300
Receive
  • $45 in flight credit.
Invest
$500
Receive
  • $60 in flight credit.
Invest
$1,000
Receive
  • $80 in flight credit.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
Invest
$5,000
Receive
  • $125 in flight credit.
  • 1 free month of SkyHi membership.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
Invest
$10,000
Receive
  • $250 in flight credit.
  • 3 free months on SkyHi membership.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
  • 1:1 with Co-Founders to discuss road map.
  • Beta testing with the SkyHi team.
  • Listed as an Investor on SkyHi's website.
Invest
$25,000
Receive
  • $500 in flight credit.
  • 6 free months on SkyHi membership.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
  • 1:1 with Co-Founders to discuss road map.
  • 1 free month of SkyHi membership for a companion.
  • Beta testing with the SkyHi team.
  • Listed as an Investor on SkyHi's website.
Invest
$50,000
Receive
  • $1000 in flight credit.
  • 9 free months on SkyHi.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
  • 1:1 with Co-Founders to discuss road map.
  • 3 free months of SkyHi membership for a companion.
  • Beta testing with the SkyHi team.
  • Listed as an Investor on SkyHi's website.
  • Earn $50 in flight credit for each attributed sign up who remains on SkyHi for at least 3 months.
Invest
$100,000
Receive
  • 12 free months on SkyHi.
  • $2500 in flight credit.
  • "Thank you" shout-out through SkyHi social media channels and newsletter (optional).
  • 1:1 with Co-Founders to discuss road map.
  • 6 free months of SkyHi membership for a companion.
  • Beta testing with the SkyHi team.
  • Listed as an Investor on SkyHi's website.
  • Earn $75 in flight credit for each attributed sign up who remains on SkyHi for at least 3 months.

Why others invested

See all reviews (254) See all (254)

Travelers pay an average of 33% more for their tickets, generating $60 Billion more in revenue for airlines. SkyHi is a subscription service for commercial airlines. Members pay a monthly fee and get access to low, flat rate prices on air travel.

Profile picture of Nikolai Anikin
Nikolai Anikin
Active investor
over 6 years ago

The easiest way I can describe this to people is this is an Uber & Lyft service for the airlines; and it's BRILLIANT!!! After I read the projection, I didn't even think twice; I jumped on it. I feel it will be successful!!! ROCK ON!!!

Profile picture of Wylene A. Poliquin
Wylene A. Poliquin
Active investor
over 6 years ago

Travel and tourism market is huge and this company has big potential especially if they can further reduce monthly subscription fees. Fantastic team.

Profile picture of Van Lal Rem
Van Lal Rem
Active investor
over 6 years ago

About SkyHi

Legal Name
SkyHi Travel, Inc.
Founded
Feb 2016
Form
Delaware Corporation
Employees
4
Website
flyskyhi.com
Social Media
Headquarters
Google Map location of of SkyHi
13614 Sunset Drive , Apple Valley, CA
Headquarters
13614 Sunset Drive, Apple Valley, CA, United States 92308

SkyHi Team
Everyone helping build SkyHi, not limited to employees

Profile picture of Rama Poola
Rama Poola
CEO & Co-Founder
Featured in Superheroes · Read
A lifelong technologist, Rama was a director for Arc90, a tech consulting company in New York. When Arc90 was sold to SFX Entertainment, he became VP of Product for Beatport. He has led teams to build products used by millions.
Profile picture of Vivek Poola
Vivek Poola
CTO & Co-Founder
Vivek has worked at a few startups before and has worked in technology for over a decade. From cloud infrastructure to full-fledged web apps, Vivek has been a part of several products that range from sports marketing to healthcare and now travel.
Profile picture of Neal Batra
Neal Batra
CMO
Profile picture of Joseph Tibberstma
Joseph Tibberstma
Lead Developer
Profile picture of Jarred Lyman
Jarred Lyman
Marketing Lead
3 more team members
Rama Poola
CEO & Co-Founder
Vivek Poola
CTO & Co-Founder
Neal Batra
CMO
Joseph Tibberstma
Lead Developer
Jarred Lyman
Marketing Lead

Press

2018 Best Startup Ideas Awarded to SkyHi, OOTify and Chro...
MarketWatch MarketWatch
·
Nov 28, 2018

Nov 28, 2018 (PR.com via COMTEX) -- Los Angeles, CA, November 28, 2018 --( PR.com)-- TiECON Southwest 2018 is TiE Souther...

How SkyHi Is Revolutionizing How You Travel
HuffPost HuffPost
·
Dec 18, 2017

The internet age, marked by a host of advancing technologies and breakthrough inventions, has fundamentally moved society...

SkyHi Wants To Do For Plane Tickets What Netflix Does For...
Digital Trends Digital Trends
·
Aug 23, 2017

Netflix or Apple Music, we increasingly live in a world in which subscription-based services are the norm. That is not th...

ClassPass For Flights? This Startup Wants You To Buy 1-Wa...
Forbes Forbes

If you want to access inexpensive flights without analyzing frequent flyer programs or doing the math on how credit card ...

How to Fly 'SkyHi' Across the U.S. For Cheap
Cheddar Cheddar

SkyHi is a membership-based travel app that offers member commercial flights for as low as $35. You can take up to five f...

Logo of SkyHi

SkyHi

SkyHi successfully raised $268,456 from 1077 investors on March 1, 2020
Profile picture of Chris Adamo
Profile picture of Grady McRae
Profile picture of LaRhonda Crossley
Profile picture of Melvin Dahlgren
Profile picture of Carlos Torres
Chris, Grady, LaRhonda, Melvin, Carlos, and 1072 others invested. 254 Reviews
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