Jay-Z backed JetSmarter raised $105 million in Series C funding to secure its marketplace for private jet services according to the startup’s founder and CEO. The funding will be used primarily for global expansion of JetSmarter in Asia and Latin America, as well as increasing the number of routes and flights available to JetSmarter members in the U.S.. Members all go through a light background check and then have to pay $15,000 for a “core membership” in the first year they join. If approved, you can request a seat on a wide selection of flights “free,” but have to pay for companion tickets if they want to bring a non-member along. JetSmarter doesn’t own any planes, but instead works with owners and carriers who manage and maintain the planes, hire pilots and deal with safety and compliance issues for the heavily regulated industry. For more information visit here.
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