JetSmarter Officially A Unicorn Company: $1.5 Billion Valuation

Photo Credit: JetSmarter

Media reports today indicate that JetSmarter raised $105 Million in its Series C equity financing round and is now valued at $1.5 Billion pre-money valuation.

JetSmarter is now officially a unicorn company. Funds were raised from existing and new strategic investors, including members of the Saudi Royal Family and entrepreneur Shawn “Jay-Z” Carter. Media reports indicate additional funds were raised from an Abu Dhabi based growth equity fund, strategic partner JetEdge, the leading large cabin private jet operator, KZ Capital a London based venture capital firm, and a Qatar based private equity fund.

Gennady Barsky, President of JetSmarter said today that, “Our success is due to our members and great partners such as Haute Living.  We continue on our mission of making flying fun again, and will expand JetShuttle fights across the United States, Europe and the Middle East, in cities including New York, Chicago, Fort Lauderdale, Las Vegas, Atlanta, London, Paris, Moscow, Dubai, Milan, and more.”

Sergey Petrossov is the Founder & CEO of JetSmarter. Prince Abdullah bin Bandar bin Abdulaziz Al Saud of the Saudi Royal family, former homeland security director Tom Ridge and marketing mogul Ronn Torossian are among other executives of the company.

Membership is currently $15,000 annually – For more information on JetSmarter and its various services, please visitwww.JetSmarter.com.