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Jay Z’s "Uber for private jets" company raises $105 million

Just $15,000 gets you private flights on JetSmarter for a year.

Kevork S. Djansezian // Getty Images

Jay Z's business savvy continues to impress us all. News recently surfaced via TechCrunch.com that JetSmarter, a private-jet company that Jay currently invests in, just raked in $105 million in C Series funding and is currently at a pre-money valuation of $1.5 billion.

To be a member of this exclusive “Uber for private jets” company, it’s going to cost you $15,000. You'll get free travel for a year on any private jet you desire, but you'll have to pay extra if you choose to bring a non-member aboard.

According to Sergey Petrossov, the startup’s founder and CEO, the funding round will be used to help JetSmarter expand into the Asian and Latin America marketplaces, as well as to increase the number of routes and flights available to JetSmarter members in the U.S. Petrossov says he wants to reach about 80–100 markets by the end of 2017.

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