JetSmarter Inc.

JetSmarter Inc. is a private aviation service provider offering an extensive network of aircraft and on-demand jet charters, catering to high-net-worth individuals and corporate clients globally. Founded in 2012 in Fort Lauderdale, US, JetSmarter Inc. provides a platform for private jet charters and other aviation services.

The company was involved in a notable acquisition by Vista Global Holding Limited in April 2019, which completed in August 2019, resulting in the new entity named XOJet. JetSmarter has secured funding through 8 deals with its most recent funding round being a Series C in April 2019, raising USD 105. 00 mn, bringing the total amount raised to USD 105. 00 mn with a current company valuation of USD 1,958.

67 mn. JetSmarter Inc. specializes in offering a comprehensive suite of private aviation solutions, focusing on instant access to a global network of over 2,000 hand-selected aircraft across all cabin classes. The company's core offerings include private jet charters, available for booking through a mobile platform, allowing users to search and reserve flights on 60,000 routes worldwide.

Clients include high-net-worth individuals and corporate clients, seeking convenience and personalized service. JetSmarter also provides exclusive member benefits, such as complimentary invitations to high-profile events. JetSmarter generates revenue primarily through private charter bookings and membership subscriptions, acting as a B2C service provider in the private aviation market. Clients can book flights or become members for additional access to exclusive benefits.

Pricing plans are tailored to different services, including charter flights and membership fees, reflecting the premium nature of the offerings. The flagship product remains the on-demand private jet charter service, supported by a fleet that includes premium aircraft like Gulfstream and Global 7500 jets. Looking ahead, JetSmarter plans to continue expanding its offerings and geographical presence. With the recent acquisition by Vista Global, the company aims to integrate new technologies and services into its existing platform.

The transaction, which closed in August 2019, is expected to enhance its operational capabilities. The focus will also be on entering new markets, particularly in Asia and Europe, as the company aims to broaden its customer base. Funding from the Series C round will be allocated towards these expansion initiatives and the development of new member services.