Victor operates a private jet charter marketplace connecting customers with operators and brokers. The company raised an additional $18m to fund a corporate restructure and the creation of a new investment vehicle, Alyssum Group. Under the restructure Victor will operate as a lead brand within Alyssum Group, which will pursue an acquisitive strategy in the general aviation sector. Alyssum Group, led by Victor founder and CEO Clive Jackson as Group Chief Executive Officer, aims to create a global, digitally-driven ecosystem for operators, re-sellers (brokers) and other service providers. The ecosystem will target stakeholders across flight-planning, aviation fuel supply and related services. The group and Victor will be headquartered in London alongside Victor’s head office. Victor operates an on-demand marketplace for private jet charters and says it is the largest of its kind. The company plans to expand beyond its B2C offering by building a transactional B2B marketplace to connect suppliers, re-sellers (brokers) and other service providers. It intends to partner with flight‑planning and aviation fuel providers and add new geographic territories for the B2B product. Victor has a commercial agreement with Air BP to be the preferred fuel supplier for charters it arranges at Air BP locations and notes several granted U.S. patents underpinning its digital ecosystem. The company is London‑headquartered with offices in New York and California. Victor reported hitting its sales revenue forecast of $39 million for 2016 and said it was on target for a full year of over $60 million in 2017. Victor operates a technology platform that allows private jet owners and operators to take bookings and gives customers instant price estimates, aircraft/operator details, and full charter quotes. The service discloses transaction fees and avoids hidden costs, surcharges, or membership fees. Victor has launched an iOS app for end-to-end charter booking and flight management and claims 300% year-on-year growth for the past three years. The platform can access 7,000+ aircraft and reach 40,000 airports worldwide, with selection by aircraft type and category. Victor acquired YoungJets and appointed YoungJets founder David Young as its senior vice president of the U.S. market. The company is just over three years old and plans to use new funds to acquire customers and further build out its complex tech platform, with institutional fundraising planned later in the year. Victor, founded by CEO Clive Jackson, is an on-demand private aviation charter service based in London and Munich. The company unveiled an iOS mobile app that provides real-time charter pricing, aircraft and crew specifics, side-by-side jet comparisons, instant booking, travel itineraries and trip management. Victor offers access to 7,000 jets worldwide and 40,000 airports internationally, and provides 24/7 customer support. On March 29, 2015, the company raised $8M in mezzanine funding. Backers included Victor’s existing global customers. The company intends to use the funds to bring its service to the U.S.; no other investors or prior rounds were disclosed in the article. Victor is a London-based online marketplace for private jet charters and per-seat bookings that allows users to compare and find the best prices. Founded and launched in 2011 by serial entrepreneur Clive Jackson, membership is free with no upfront costs or hidden charges. The platform also enables travel agents to create luxury travel packages and organise corporate group travel. Victor has contracted over 110 operators worldwide with access to more than 600 aircraft and serves in excess of 4,500 high-net-worth members. The company recently raised an over-subscribed Series A of over £5m and plans to use the funds to develop its technology, hire staff, and expand into markets such as Russia and the U.S.

Total raised

$59M

Funding rounds

5

Latest round

Equity

Latest activity

Jan 2018