Private jet marketplace JetSmarter has raised $105 million in its Series C equity financing round at a $1.5 Billion pre-money valuation, from existing and new strategic investors. Existing investors that continue to support the company with follow-on investments in the Series C round include members of the Saudi Royal Family and musician Shawn ‘Jay-Z’ Carter.
JetSmarter has launched of the first-ever shared, private JetShuttle flight that will connect Europe and the Middle East. The service offers members single-seat trips on flights between Dubai and London. For the first-time in the private aviation industry, travellers will be able to reserve seats on direct, scheduled flights between three continents – North America, Europe and the Middle East.