Stratajet lands $8 million investment
Stratajet has recently received a further $8 million dollars in funding. The latest round of investment was led by Octopus Ventures, with participation from existing investors Playfair Capital and JamJar Investments.
The company has so far raised a total of $14 million for its instant private jet quoting platform.
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Malcolm Ferguson of Octopus Ventures said: “We’re dedicated at Octopus to supporting unusually talented teams. Today’s announcement is another milestone 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.”
The new funding has allowed Stratajet to invest in further developing Stratafleet, its quoting tool which is provided free of charge to aircraft operators. The system helps operators streamline their business with more efficient tracking of jets and mitigation of the risk of unexpected costs through accurate calculation of flight time and fuel burn.
Stratafleet has the ability to include empty legs in flight searches and adapt them to suit new flight requests, providing improved margins on flight bookings.
An updated version – Stratafleet 3.0 – includes additional technical functionality to further benefit aircraft operators. Features include the ability to look up a given airport (or list of airports around a chosen destination) to check not only airfield fees, but also operational data such as opening hours, fire category levels and more.
The new functionality better accommodates the many and varied charges relating to a charter flight, an improved user interface for managing and responding to quotes. For the first time ever, operators will have the accuracy of all European airfield and handling fees guaranteed.
Stratafleet 3.0 will be made available to operators in June 2016.