Today, we announce another major milestone in our journey to change the world of private jet charter. The announcement today of Victor’s completed Series B fundraising round paves the way for some incredibly exciting things over the months and years ahead.
In a nutshell, Victor has closed a new investment round of $20m. BP Ventures, the investment arm of global energy giant BP, are our lead investor with $10m. Existing Victor shareholders and various family offices and a European growth stage investment fund have contributed the remaining money. What does this mean for the company?
Well, we’re going to continue expanding our renowned charter service across new geography, as well as strengthening our position in North America. Our Manhattan team has already grown quickly in 2017 (more than quintupling) and now has the perfect platform to extend even further.
Secondly, we are going to develop Victor’s amazing digital, data-driven platform into a new transactional ‘B2B’ marketplace that brings suppliers, brokers and other service providers seamlessly together. The aim is to create a ‘full spectrum’ ecosystem of industry services – also including flight-planning and fuel provision – that help position Victor as the essential hub of services for the private aviation sector. We have already, for one, finalized a commercial agreement with Air BP to become the preferred fuel supplier for the charters it arranges at Air BP locations.
Both BP Ventures and Air BP are investing in Victor for its cutting edge digital technology – disruptive technology that is complementary to the wider BP business and will actually give us the potential to leverage our smart digital platform to other transportation industries.
They, and our other Series B contributors, are also investing in Victor for our talented, passionate team and for our vision to reshape the private aviation market for the greater benefit of customers, operators and other industry partners. These are hugely exciting times.
And Victor continues to grow rapidly. Just over a week ago, we confirmed 33rd place in the latest Sunday Times Tech Track 100. This is our third consecutive year in the highest echelons of a league table commending the UK’s fastest growing tech companies. It is a fantastic achievement to have maintained high growth for so many years now and been recognized for it in such a prestigious list – we are truly a leader in private jet charter.
I’d like to take the opportunity to thank the Victor team for their hard work and dedication over the past six years. I’d also like to thank Victor’s various partner operators and other industry collaborators for their tireless, long-term support. All of you have made the Victor marketplace what it is today and helped provide the platform for bigger and better things tomorrow.
My team and I are looking forward to flying ever higher with Victor in the years and months ahead.
(L-R) Jonathan Wood, Strategy & Business Development Director, Air BP; Clive Jackson, CEO & Founder, Victor; Akira Kirton, Managing Director, BP Ventures.
Victor, CEO & Founder
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