JetSmarter, a NYC-based mobile marketplace that connects travelers to private jets from their smartphones, raised $20m in Series B funding.
Investors include members of The Saudi Royal Family (His Royal Highness Prince Abdullah bin Bandar bin Abdullaziz Al Saud), music and entertainment moguls, a London-based private equity fund, group of High Net Worth Individuals and Family Offices including top executives from companies such as Goldman Sachs and Twitter.
The company intends to use the funds to support its expansion plans and technology upgrades.
Led by founder and CEO Sergey Petrossov, JetSmarter is a mobile marketplace that offers instant pricing and availability for private jets worldwide. Over the last year, the company says it has experienced over 1000% revenue growth, has partnered with established institutions such as Deutsche Bank, and has gained access to over 3,000 aircraft globally to provide more flight options for its users.