Startup Airline Seeking $15M Equity for Expansion in Cabo Verde and West Africa

TransVerde Airlines

View Original Listing

Financial Details

Asking Price:
$15,000,000
Cash Flow / SDE:
$15,000,000
Profit Metric:
Equity Sought
Valuation Multiple:
1.0x
Location:
CV
Source:
Date:
September 15, 2025

Key Highlights

Seeking $15M equity to launch a low-cost carrier connecting Cabo Verde islands and expanding to West Africa.
Experienced management team with expertise in ultra-low-cost operations and deep market knowledge.
Strategic geographical location and projected 1.4 million passengers annually with a 65% load factor.

Description

This listing seeks $15 million in equity investment for TransVerde Airlines, a startup aiming to establish a low-cost carrier (LCC) connecting the islands of Cabo Verde and expanding flights to neighboring West African countries. The airline will offer passenger and cargo transport services, initially utilizing three ATR-42/72 aircraft leases. The management team boasts extensive aviation experience, particularly in ultra-low-cost operations and domestic market knowledge. The company has established offices in Cabo Verde and the US, and the Board has invested over $750,000 in development. The business model projects 1.4 million passengers annually with a 65% load factor, leveraging Cabo Verde's strategic geographical position. Funds will be used for obtaining the Air Operator Certificate (AOC), hiring staff, setting up routes, acquiring fleet, and operational expansion. Investors will receive shares, profit sharing, and decision-making participation.

Industry Information

Industry Description:
Transportation / Aviation / Logistics
Classification:
Transportation & Storage

Real Estate & Lease

Status:
Unknown

Listing Details

Listing ID:
96e5e455-e11a-48f1-8d43-1208037fbcad
Deal Status:
For Sale
Date Posted:
April 05, 2024
Last Updated:
September 15, 2025
Currency:
USD