London-based Uber of the airways Statajet has completed a $8m fundraising. Led by Octopus Ventures, the round was also backed by Playfair Capital, JamJam Investments. The investment brings the private jet booking platform’s total funding to $14m.
A spokesperson for Stratagem has revealed the funding will be used develop London headquarters.
“This additional round of investment comes at an extremely exciting time for Stratajet” says Jonny Nicol, Stratajet founder and CEO. “Following a successful launch in Europe last month we are seeing unprecedented numbers of flight quotes being generated across the platform, which proves how effective our system can be at giving a wider range of travellers access to the private jet industry”.
Malcolm Ferguson, early stage investor for Octopus Ventures, enthused:
“We’re dedicated at Octopus to supporting unusually talented teams. Today’s announcement is another break-through for what we believe to be a very exciting business. Stratajet’s platform streamlines the private jet booking process, enabling consumers to attain real-time, bookable flight prices on private jets.”
He added: “their platform has the potential to increase efficiency for operators and save money for travellers, making private jet travel a realistic alternative to business class”.