Jay Z contributes to JetSmarter $20 million series B investment

CJI Team

Jay Z might be down to 98 problems after investing in US private jet booking platform JetSmarter.

ALSO SEE: Private jet charter: the online arms race

According an article on Business Insider, the US rapper is one of the investor’s who helped raise $20 million in a B series funding round.

The same article also states that other investor’s include executives from Goldman Sachs and Twitter, as well as members of the Saudi Royal Family.

His Royal Highness Prince Abdullah bin Bandar bin Abdullaziz Al Saud said, “We are thrilled to be an investor and are committed to JetSmarter’s growth. At the forefront of this new era in travel, we believe that JetSmarter’s proprietary services and offerings have, and will continue to revolutionize the industry.”

JetSmarter says that the funding will be used for technology upgrades, as well supporting the company’s global expansion plans.

“Since JetSmarter’s launch, we’ve established significant and strategic alliances worldwide, enabling thousands of private jet charter transactions and also providing accessibility and convenience of Flying Private to more than just the 1%,” said Sergey Petrossov founder and CEO of JetSmarter, “Today, with hundreds of thousands of users, and the support of leading investors, JetSmarter is truly the innovator in private aviation, creating a new and simplified way to travel.”

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