Fundraising Fox
Beta Technologies
NYSE: BETAUnicorn · $7.3BBurlington, US · Founded 2017 · Delaware corporation · 1,328 employees on LinkedIn · 8 known investors
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BETA Technologies develops electric aircraft (including the ALIA eVTOL) and associated charging infrastructure for sustainable aviation. The company also runs a flight school and works with the FAA and other regulators on aircraft certification.
Founders & leadership
Beta Technologies was founded in 2017 by Kyle Clark.
KC
Kyle ClarkFounder · Team MemberKyle Clark is a test pilot and engineer who previously founded Venture.co and served as director of engineering at Dynapower, where he oversaw product development including inverters and control systems, and as VP of engineering at iTherm Technologies. He holds a degree in applied mathematics and engineering from Harvard University and has expertise in electric propulsion, power electronics, and control algorithms.
SD
Sean DonovanMechanical EngineerSean Donovan is a mechanical engineer with experience in aerospace and industrial manufacturing, skilled in CAD design and machine shop fabrication. He serves as Executive Officer of Beta Technologies, which develops electric aircraft and charging infrastructure.
HC
Herman CuetoChief Financial OfficerHe has spent three decades in finance leadership roles across aerospace and medical technology, holding an MBA and CPA credential.
BD
Brian DunkielNamed on SEC filing
Board
CD
Charles DavisBoard director
MS
Mike StoneBoard director
FC
Francesco CaprettiBoard director
MR
Martine RothblattBoard director
JA
John AbeleBoard director
JM
James McConvilleBoard director
DK
Dean KamenBoard director
DC
David ChurchillBoard director
Investors · 8
Stone Point✓ confirmed by Beta TechnologiesGreenwich
How we know: the company's own site · Not right? Tell us
Chaifetz Grouplisted by Chaifetz GroupChicagovia Richard A. Chaifetz · inferred
How we know: Chaifetz Group's portfolio page · Not right? Tell us
Preston-Werner Ventureslisted by Preston-Werner VenturesSan Francisco Bay Area · $500K – $3M
How we know: Preston-Werner Ventures's portfolio page · Not right? Tell us
UP Partnerslisted by UP PartnersSanta Monica · $1M – $10M
How we know: UP Partners's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
Also in the syndicate · 2
Amazon's Climate FundleadFidelitylead
Reported raises · per SEC filings
Form D private placements$1.6B disclosed across 5 of 8 rounds · 1900–2026
▶$7.1MraisedApr 2026 · 30 investors · Other TechnologyRule 506(b)
▶$7.1MraisedApr 2026 · 30 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Brian DunkielExecutive Officer
- James McConvilleDirector
- Charles DavisDirector
- Herman CuetoExecutive Officer
- Kyle ClarkExecutive Officer, Director
- John SlatteryDirector
- Sean DonovanExecutive Officer
- John AbeleDirector
- Mike StoneDirector
- David ChurchillExecutive Officer, Director
- Amy GowderDirector
- Martine RothblattDirector
- Offering amount
- $13M
- Amount sold
- $7.1M
- First sale
- Apr 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$300MraisedSep 2025 · 1 investors · Other TechnologyRule 506(b)
▶$300MraisedSep 2025 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- SEAN DONOVANExecutive Officer
- KYLE CLARKExecutive Officer, Director
- JOHN ABELEDirector
- MARTINE ROTHBLATTDirector
- DEAN KAMENDirector
- CHARLES DAVISDirector
- MIKE STONEDirector
- JAMES MCCONVILLEDirector
- BRIAN DUNKIELExecutive Officer
- DAVID CHURCHILLDirector
- HERMAN CUETOExecutive Officer
- Offering amount
- $500M
- Amount sold
- $300M
- First sale
- Sep 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$469.6MraisedAug 2025 · 75 investors · Other TechnologyRule 506(b)
▶$469.6MraisedAug 2025 · 75 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Charles DavisDirector
- Mike StoneDirector
- James McConvilleDirector
- Dean KamenDirector
- Francesco CaprettiDirector
- Martine RothblattDirector
- Sean DonovanExecutive Officer
- Kyle ClarkExecutive Officer, Director
- John AbeleDirector
- David ChurchillDirector
- Brian DunkielExecutive Officer
- Herman CuetoExecutive Officer
- Offering amount
- $475M
- Amount sold
- $469.6M
- Sales commissions
- $5M
- Placement agents
- Goldman Sachs & Co. LLC
- First sale
- Oct 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$375MraisedApr 2022 · 43 investors · Other TechnologyRule 506(b)
▶$375MraisedApr 2022 · 43 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Kyle ClarkExecutive Officer, Director
- David ChurchillExecutive Officer, Director
- Blain NewtonExecutive Officer
- Martine RothblattDirector
- Charles DavisDirector
- Dean KamenDirector
- Edward EpplerExecutive Officer
- Will RoperDirector
- Offering amount
- $415M
- Amount sold
- $375M
- Sales commissions
- $12.4M
- Placement agents
- Goldman Sachs & Co. LLC
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$425.6MraisedMay 2021 · 68 investors · Other TechnologyRule 506(b)
▶$425.6MraisedMay 2021 · 68 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Dean KamenDirector
- Kyle ClarkExecutive Officer, Director
- Charles DavisDirector
- Martine RothblattDirector
- David ChurchillDirector
- Offering amount
- $425.6M
- Amount sold
- $425.6M
- Sales commissions
- $14.1M
- Placement agents
- Goldman Sachs & Co. LLC
- First sale
- Mar 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$7.3Bvaluation at IPONov 2025 · $34.00/share · 424B4
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Founder mafia
2 people who came through Beta Technologies went on to found or lead other companies.
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase II | 2020 | $1M |
| U.S. Air ForceAir Force | Phase I | 2020 | $49.2K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Beta Technologies do?
- BETA Technologies develops electric aircraft (including the ALIA eVTOL) and associated charging infrastructure for sustainable aviation. The company also runs a flight school and works with the FAA and other regulators on aircraft certification.
- Who founded Beta Technologies?
- Beta Technologies was founded by Kyle Clark in 2017.
- Who are Beta Technologies's investors?
- Beta Technologies's investors include Stone Point, at Hula, Chaifetz Group, Preston-Werner Ventures, UP Partners, Vermont Center for Emerging Technologies (VCET).
- How much funding has Beta Technologies raised?
- Beta Technologies has disclosed $1.6B raised across 5 of its 8 known rounds.
- Where is Beta Technologies headquartered?
- Beta Technologies is headquartered in Burlington, US.