Octopus leads $8m series-A for Stratajet

Existing backers Playfair Capital and JamJar Investments also took part in the round, which brings the total amount raised by the business to $14m. The fresh capital will enable Stratajet to invest in the further development of its platform and explore the potential for US expansion.

Flight aggregation platforms have received considerable backing from institutional investors in recent years, though this has primarily focused on the commercial market.

In January 2016, another UK company, Skyscanner, secured £128m in funding from investors including private equity firms Vitruvian Partners and Artemis. The business has also previously received backing from Sequoia Capital and Scottish Equity Partners.

Previous funding
According to unquote" data, JamJar provided £3m of early-stage funding for Stratajet in June 2015.

Company
Founded in 2010 and headquartered in London, Stratajet is an online platform for the hire of private jets. The business launched its service in April 2016 and is currently available in 44 countries.

Stratajet collects data from 2,100 airfields across Europe and implements algorithms to generate bespoke quotes. The platform also includes inventory management software designed to integrate with aircraft operators' systems.

People
Octopus Ventures – Malcolm Ferguson (investment manager).
Stratajet – Jonathan Nicol (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Octopus Ventures