EBACE Convention News

Stratajet Secures $8M in Funding

 - May 23, 2016, 1:05 PM

Private jet charter booking platform Stratajet (Booth F051) has announced that it has raised $8 million in additional funding. The new investment, which adds to $6 million in capital previously raised, will come from London-based venture capital group Octopus Ventures, with support from Stratajet’s existing backers Playfair Capital and JamJar Investments.

UK-based Stratajet launched its platform to consumers in early 2016 and since then has generated more than two million flight quotes (see page 40). Next month, it will launch the new Stratafleet 3.0 version of its charter quoting system, which it provides free of charge for operators. The company claims this allows them to more efficiently track the availability of their aircraft and mitigates the risk of unexpected costs through accurate calculation of flight time and fuel burn.

“This milestone of Stratajet generating two million quotes proves how effective our system can be at giving a wider range of travelers access to the private jet industry,” said Stratajet founder and CEO Jonny Nicol. “Unlike other online brokers, we can provide all customers with accurate prices without wasting the time of the operators who work with us.