Alaska Star Ventures

Alaska Star Ventures (ASV) is the corporate venture capital arm of Alaska Airlines, established in 2021 as an LLC and headquartered in Seattle, WA. It invests selectively in startups developing technologies that can be integrated into Alaska Airlines' (and, following the merger, Hawaiian Airlines') operations to advance efficiency, sustainability, guest experience, and business performance. Focus areas include operational efficiency, aircraft and propulsion technology, sustainable aviation fuel, emission reduction and removal, and strategic insights. The firm pairs minority investments with deeper operational partnerships, prioritizing founders who can demonstrate a clear path to implementation within an airline operating environment. Notable portfolio companies include UP.Partners, ZeroAvia, Assaia, Loft Dynamics, JetZero, and Twelve. Fund size and check size are undisclosed publicly; the inaugural investment was $15M into UP.Partners' fund. Founders can reach out via the contact form on the Alaska Airlines website.