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StrataJet lands USD8m investment

Stratajet has secured a major USD8 million round of additional investment to grow its booking platform, which provides travellers with real-time and accurate private jet prices. 

This latest round of investment, led by Octopus Ventures, with participation from existing investors Playfair Capital and JamJar Investments, brings the total figure raised to date to USD14 million.
The funding has allowed Stratajet to invest in further developing Stratafleet – its intelligent quoting tool which is provided free of charge to aircraft operators – and will support the company’s vision to revolutionise private aviation by solving the industry’s problems of inefficiency and wastage.
Stratajet launched to the flying public in April 2016, after five years in development. Currently live in 44 countries across Europe, following a rigorous tour by Stratajet Founder & CEO Jonny Nicol to meet aircraft operators, similar plans are underway to expand the platform into the U.S. market.
Nicol says: “This additional round of investment comes at an extremely exciting time for Stratajet. 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. We are in the process of meeting operators across the U.S., all of whom are buying into the platform, meaning that we have very precise goals for how the funding will help grow the business.”
Malcolm Ferguson of Octopus Ventures, says: “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.  Furthermore, 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.”

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