Unicorns 94/229 – JetSmarter

Unicorns 94/229 – JetSmarter


JetSmarter

Founder / s: Gennady Barsky, Sergey Petrossov
Key people: Sergey Petrossov (Founder & Chief Executive Officer), Lolita Frangulyan (Vice President of Customer Relations), Matthew Atkatz (VP, Executive Creative Director), Joaquin Avino (senior Vice President of Business Development, Jonathan Gosper (Social Media Manager) and Joseph Gnaster (Vice President of Strategic Partnerships)
Number of employees: 251 – 500

JetSmarter is the company making private air travel accessible through a mobile app that seamlessly set travelers to private jets at attractive fares worldwide, in real-

With the world’s largest private jet marketplace and major membership services, JetSmarter is incontestably changing the way people fly.

The JetSmarter app is available for iOS and Android.

History

JetSmarter was founded in 2012 by entrepreneur Sergey Petrossov, Whose idea made him one of Forbes’ 30 under 30 business leaders of 2016. In August 2012, the beta-version was launched and exposed among a closed group of private aviation users. After testing flexibility successful, Petrossov sought and abstract substantial venture funding to expand JetSmarter’s scope.

In March 2013, the JetSmarter app was launched and made available to the general public on both iOS and Android devices.

In June 2015, JetSmarter announced its new European Headquarters in Zurich, Switzerland. In early 2016, it initiated flights between Europe. According to Business Insider and TechCrunch JetSmarter has raised $ 20 million from the Saudi Royal Family, American rapper Jay-Z, American serial Entrepreneur and investor Wayne Chang, And investment bank Goldman Sachs Capital Partners. In total, Jetsmarter raised $ 56 million since its inception and has offices in Zürich, London, Moscow, Dubai, Riyadh and Fort Lauderdale.

In December, 2016, JetSmarter announced it had raised an additional $ 105 million at a $ 1.6 billion valuation. The company said this will fuel international expansion and add at least 80 more routes to its existing 50 routes.

In February 2017, Gennady Barsky, a former executive, arrested arrested on embezzlement charges. The arrest was unrelated to JetSmarter, but about a previous company he was affiliated with. Barsky also served as CFO of JetSmarter before achievements President. He has since resigned the company.