Jet Membership Seller JetSmarter Raises An Undisclosed Amount Of Institutional Capital

The private jet membership marketer says it will use the money to expand routes and add flights

 

JetSmarter Inc. announced today it has raised its first institutional capital. The investment will be anchored by lead sponsor, Clearlake Capital Group, L.P. and include participation from Leucadia National Corporation existing investors. Financial terms were not disclosed, according to a press release.

OPINION: Why We Want To See JetSmarter Make It (And What The Jet Membership Company’s CEO Needs To Do Now)

In another blow to the private jet share social network, JetSmarter lost its home rental partner and board member Bradley Stewart, the CEO of XOJET

 

So the news about JetSmarter this week is that its short-lived entry into enticing its members to also rent homes through ThirdHome, announced Feb. 27, is kaput. By the way, there’s more big news coming next week, but we’ll get to that later. 

Do They Or Don’t They? JetSmarter Clarifies Its Policy On Accepting American Express Part 3

Does JetSmarter take American Express? It should be a simple yes or no answer. Right? Well, apparently not. During my first email interview with JetSmarter CEO Sergey Petrossov I asked the question after reading that the private jet membership program had stopped accepting Amex as a form of payment.