Private membership flying provider Wheels Up said Oct. 6 it closed an equity-based fundraising round of $117.5 million and claimed to have an enterprise value of $1 billion—making it akin to a so-called “unicorn” in start-up investment circles. Fidelity Management and Research Co., and investments managed by T. Rowe Price Associates, led the latest round—which exceeded its target by %17.5—and were joined by existing investor NEA as well as new, albeit ...

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