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JetSmarter Lands New Financing

Private jet sharing provider JetSmarter Lands New Financing
Credit: jetsmarter.com

Private aviation marketplace JetSmarter announced it has raised a new round of financing. The round was led by Clearlake Capital Group, L.P., with participation from Leucadia National Corporation and existing investors. Financial terms were not disclosed.

Founded in 2012, U.S.-based JetSmarter is a technology company that seeks to be the market leader in the premium flight-sharing economy. The company is known for creating a new class of flying called social aviation, which pairs the practice of purchasing low-cost empty flight legs and under-utilized capacity with the sharing economy. JetSmarter is the world’s largest marketplace for private aviation, with more than 670,000 registered app users, 10,000 members, and connectivity to 3,200 aircraft. The company has transported more than 40,000 passengers since inception.

The investment will enable JetSmarter to accelerate growth by continuing to launch new products and routes globally and by increasing supply on existing routes.