An Abu Dhabi Investment Authority (Adia) subsidiary has participated in a USD 295 mn funding round for California-based travel startup Flyr, according to a press release. Led by US investment firm WestCap, the funding round valued the company at USD 900 mn, Bloomberg reports, citing people familiar with the matter. Other investors in the round included BlackRock and Streamlined Ventures.

The breakdown: The funding comprised USD 225 mn in a series D round and USD 70 mn in debt from Vista Credit Partners, and brings Flyr’s total raised capital to date to USD 500 mn.

Where are the proceeds going? The startup plans to use the capital injection to develop its product offerings globally and accelerate “modern reservation systems that form the digital foundation for every airline,” according to the statement

Looking ahead, Flyr, which has completed six acquisitions over the past two years, plans to continue its acquisition spree. “[Flyr is] definitely keeping [its] ear to the ground to see if there are other opportunities on the horizon,” CEO Alex Mans told Bloomberg.

About Flyr: Founded in 2013, Flyr develops AI-enabled softwares to help airlines price and plan flights, with a focus on improving revenue performance through forecasting, automation, and analytics.

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