Jay-Z invests in “Uber forPrivate Jets”

Chartering a private jet, it turns out, isn’t as glamorous as it sounds.
You have to fill-out what seems like an endless amount of paperwork and be in constant touch with brokers… a hassle the mega-rich can do without.
Now a Jay-Z funded app, set to become the “Uber for planes,” has made the chore that little bit easier for the 1-percent. “Jetsmarter,” an app built by 27-year-old entrepreneur Sergey Petrossev, claims to let anyone book a flight on a private jet in a matter of seconds.
“I started the company out of a frustration with the process,” Petrossov told Business Insider. “I kept thinking to myself, ‘Why hasn’t this service been brought into the
digital world?”
The app just closed a $20 million funding round from various sources.
High profile investors include Jay-Z and the Saudi Royal Family. The amount they have invested remains undisclosed.
The funding will go to expanding routes and buying up more flights from carriers, the company said.
The company has 3 different products: JetDeals, JetShuttle and JetCharter.



Speaking to Bloomberg TV last year, Petrossov said, “JetSmarter is an app that you can go on and access the entire inventory of private aircraft around the world.”
“There are more than 3,000 airplanes on our app; it’s literally as easy as putting in your itinerary, you pick the exact aircraft that you want, you see real photographs all amenities, insurance information and safety history,” Petrossov said.
“You press ‘book,’ put in your credit card, it’s all cashless, paperless, people say ‘wow’, they can’t believe you can book a private jet through an app.” The airplanes detailed in the app are
controlled by vendors, which JetSmarter connect to via GPS to work out scheduling.
“People fly private so they don’t have to go through the airport,” Petrossov told Business Insider. “You can show up five minutes before the flight, park your car right next to the jet, and then just get on your flight.” A free helicopter ride will even be offered from the airport to take you to your hotel.