Unum Aircraft Seating (Unum) has announced the successful completion of a funding round, backed by existing shareholders including ACF Investors and Origin Capital Partners.
The company reports that the funding round was more than 50% oversubscribed, which demonstrates confidence in Unum’s aim to provide additional capacity in a constrained business-class seating market,
Chris Brady, founder and CEO of Unum, stated, “As we turn five, this funding will accelerate our team expansion in line with forecast customer programmes, and support our TSO certification for new, exciting seating solutions. This investment is a testament to our shareholders’ overwhelming confidence in our vision for reliably comfortable, responsibly made business-class seating.”
Tim Mills, managing partner at ACF Investors, added, “Unum’s impressive growth is a testament to a clear vision, innovative drive and exceptional product. Chris and the team are proving they are no longer an emerging player, but becoming a proven force within this premium part of the aircraft seating industry. We look forward to supporting their continued success.”
