On June 23 2022, Flying Whales closed its third equity fundraising of EUR 122 million to finish the development and launch the production of the LCA60T airship. Flying Whales, a 2021 FrenchTech 120 company, supported by an industrial consortium of some 40 French and Canadian aeronautical companies, strengthened its shareholding through a third round of financing. Both the French government – via French Tech Souveraineté, managed by Bpifrance – and the Principauté de Monaco – via the Société Nationale de Financement – joined the Government of Quebec, already a 25% shareholder via Investissement Québec, which reinvested in this new round
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