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launchny.org

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Investments

60

Funds

2

About Launch NY

Launch NY is a nonprofit entity that is dedicated to investing in high-growth, high-impact companies.

Launch NY Headquarter Location

77 Goodell Street Suite 201

Buffalo, New York, 14203,

United States

716-881-8006

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Latest Launch NY News

Wheels Up Experience : Seven Minority Students Launch NY Chapter Of Tuskegee Airmen Inc. RedTail Flight Academy

Sep 10, 2021

09/10/2021 | 09:01am EDT Message : *Required fields NEW YORK, Sept. 10, 2021 /PRNewswire/ -- The RedTail Flight Academy (RFA) celebrated the opening of its state-of-the-art flight academy today at New York Stewart International Airport in partnership with Wheels Up (NYSE:UP), the leading private aviation company. Honoring the legacy of the Tuskegee Airmen, the RedTail Flight Academy will train seven minority youth from underserved communities to develop a pipeline of diverse aviators and future leaders in the industry. The alliance between the two organizations reflects RedTail Flight Academy's commitment of developing highly qualified talent by partnering with industry leaders to host internships, lectures, roundtables, shadowing and mentoring opportunities. To honor the legacy of the Tuskegee Airmen and strengthen the foundation of the Academy, original documented Tuskegee Airmen Lieutenant Colonel Enoch Woodhouse will attend the opening to welcome the inaugural cadets, including three females and four males. The Academy strives to increase the percentage of minority aviators from less than 2.5% represented in the military and the commercial space, to at least 4% in the next 10 years through their efforts and community engagement. "We're honored to be the first part 135 provider to partner with the RedTail Flight Academy to help support the next generation of aviation talent," said Lieutenant General Thomas W. Bergeson, Chief Operating Officer at Wheels Up. "By offering two internships every year to academy graduates, we're committing to diversifying our employee base and offering positions to underserved communities." Founded by the New York-based chapter of Tuskegee Airmen Inc., RedTail Flight Academy will use aviation as a developmental tool focusing on STEM, leadership development, and the legacy of the original Tuskegee Airmen. The training program is a 10-month curriculum, certifying students between the ages of 18-21 with a FAA Approved 14 CFR Part 141 multi-engine commercial pilot license and an instrument rating. "We're thrilled to finally be able to welcome students to the Red Tail Flight Academy to help diversify the aviation industry and perpetuate the values of leadership, courage, and perseverance of the original airmen," said Glen Fraser, Director of Lee A. Archer Jr. Red Tail Youth Flying Program. "The opportunity for our graduates to gain firsthand experience through Internships at such a great company ensures they continue to learn aviation skills from industry leaders.," Fraser said. In addition to providing two internships to academy graduates, Wheels Up will donate $1,000 from every new Core Memberships signup to the RedTail Academy. Donations to the RedTail Academy will be available during a promotional period. About Wheels Up Wheels Up Experience Inc. ("Wheels Up"), a leading demand generator in private aviation, offers a total private aviation solution that includes world-class safety, service, and flexibility through on-demand flights, membership programs, corporate solutions, aircraft management, whole aircraft sales, and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up is uniquely positioned to offer its Customers and Members access to over 1,500 safety-vetted and verified aircraft. Through the Wheels Up App anyone can search, book, and fly. Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Down events, and exclusive member benefits from preeminent lifestyle brands. The Company's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the Company and its customers, members, stakeholders, families, and friends. The Wheels Up Cares fleet is comprised of five custom painted Beechcraft King Air 350i aircraft; each plane serves as a flying symbol for a specific cause. All Wheels Up flights are operated by the Company's DOT/FAA-authorized air carrier subsidiaries (Wheels Up Private Jets LLC, Gama Aviation LLC, Mountain Aviation LLC, Sterling Aviation LLC, and TWC Aviation LLC) or by an approved vendor air carrier that has undergone a comprehensive safety assessment. About RedTail Flight Academy Based at the New York Stewart International Airport in New Windsor, New York, the RedTail Flight Academy (RFA) represents a major milestone toward bringing more diversity to aviation, principally by making world-class flight training accessible to young, aspiring minority aviators. This is achieved through scholarships funded by contributions from various corporate sponsorships, as well as public and private donations. A nonprofit program within the 501 (C)3-approved Lee A. Archer Red Tail Youth Flying Program, the RedTail Flight Academy supports a 14 CFR Part 141 flight training curriculum that spans 10 months and results in a multi-engine commercial pilot license with an instrument rating for candidates between the ages of 18 and 21.

Launch NY Investments

60 Investments

Launch NY has made 60 investments. Their latest investment was in Verivend as part of their Seed VC on August 8, 2021.

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Launch NY Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/19/2021

Seed VC

Verivend

$0.01M

Yes

1

8/19/2021

Seed VC

Zizo

Yes

1

6/15/2021

Seed VC

Anaghe Atelier

$0.03M

Yes

2

5/18/2021

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

4/14/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/19/2021

8/19/2021

6/15/2021

5/18/2021

4/14/2021

Round

Seed VC

Seed VC

Seed VC

Seed VC - II

Seed VC

Company

Verivend

Zizo

Anaghe Atelier

Subscribe to see more

Subscribe to see more

Amount

$0.01M

$0.03M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

2

10

10

Launch NY Fund History

2 Fund Histories

Launch NY has 2 funds, including Launch NY Seed Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Launch NY Seed Fund

$0.3M

1

LaunchNY Seed Fund I

Subscribe to see more

$99M

10

Closing Date

Fund

Launch NY Seed Fund

LaunchNY Seed Fund I

Fund Type

Subscribe to see more

Status

Amount

$0.3M

$99M

Sources

1

10

Launch NY Team

3 Team Members

Launch NY has 3 team members, including current Chief Executive Officer, Marnie LaVigne.

Name

Work History

Title

Status

Marnie LaVigne

Chief Executive Officer

Current

Marnie LaVigne

Chief Executive Officer, President

Current

John J. Seman

Chief Executive Officer

Former

Name

Marnie LaVigne

Marnie LaVigne

John J. Seman

Work History

Title

Chief Executive Officer

Chief Executive Officer, President

Chief Executive Officer

Status

Current

Current

Former

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