Charter Booking Platform Stratajet Gets More Funding

Private jet charter booking platform Stratajet today announced it has raised $8 million in additional funding. The new investment, which adds to $6 million in capital previously raised, came from London-based venture capital group Octopus Ventures, with support from Stratajet’s existing backers Playfair Capital and JamJar Investments.

UK-based Stratajet launched its platform to consumers earlier this year and has since generated more than 2 million charter flight quotes. Next month, it will launch the new Stratafleet v3.0 of its charter quoting system, which it provides free of charge for operators. By helping provide accurate calculation of flight time and fuel burn, the app allows them to more efficiently track the availability of their aircraft and mitigates the risk of unexpected costs, the company said.

“This milestone of Stratajet generating two million quotes proves how effective our system can be at giving a wider range of travelers access to the private jet industry,” said Stratajet founder and CEO Jonny Nicol. “Unlike other online brokers, we can provide all customers with accurate prices without wasting the time of the operators.”