Victor, Leading On-Demand Jet Charter Marketplace, Closes $20m Series B Investment

-  Leading private jet charter business Victor secures $20m in Series B investment round led by BP Ventures – the investment arm of global energy company BP

-  Victor set to expand global footprint and develop B2B offering – helping realize vision of becoming an essential 'full spectrum' service platform for general aviation sector

-  Latest fundraising round reflects Victor's status as pivotal, fast-growth tech business with potential to leverage innovative digital ecosystem to other industries

LONDON, Sept. 19, 2017 /PRNewswire/ -- Today, B2C jet charter marketplace leader Victor announces the signing of a strategic investment agreement with BP Ventures, BP's investment arm. BP Ventures has committed to invest $10m as lead investor to Victor's Series B fundraising round. The round, raising a total of $20m, has been further bolstered through family offices and existing shareholders.

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Specifically the funding will allow Victor, the world's largest 'on-demand' marketplace for private jet charter with 946% revenue growth*, to expand its unique digital, data-driven ecosystem into a new transactional B2B marketplace connecting suppliers, re-sellers (brokers) and other service providers. Victor will also expand its B2C service across new geographical territories. In turn, the funding round reinforces BP's ongoing commitment to invest in high-growth, game-changing companies driving innovation across the entire energy spectrum within general aviation – a market worth $12-14bn per year.

With this new investment, Victor plans to further develop its B2B capability whilst also partnering with other flight-planning and aviation fuel providers. Victor has already confirmed a commercial agreement with Air BP to become the preferred fuel supplier for the charters it arranges at Air BP locations. By creating a 'full spectrum' digital ecosystem, further underpinned by several pivotal 'granted' US patents, Victor hopes to establish itself as a 'next generation' provider of services to the general aviation industry and beyond.