Victor Acquires YoungJets, Secures Additional Funding From Investors

Credit: Fly Victor / YouTube

Credit: Fly Victor / YouTube

 

The dream of flying a private jet has been made possible by on-demand private jet charter companies like Victor. A UK-based charter service, Victor is a 3-year old company that recently secured $5 million in funding from investors and also completed the acquisition of  US based charter company YoungJets.

Earlier this year, Victor had secured $8 million in funding which it said will be utilized for expansion into the US market. This takes the total funding to $13 million invested by its own clientele. The funds will be used to build a complex tech platform and bring in more customers. The company also said that it plans to raise institutional funding later next year.

In addition, YoungJets, the company acquired by Victor is a California-based specialist charter service provider who focusses mainly on the entertainment sector and corporate and private equity clientele. The company won the TourLink’s Top Dog Award in 2014 bestowed upon the very best of the best in the touring community. YoungJets founder and CEO David Young will now be Victor’s senior vice president of the U.S. market. His job will include building the Victor brand in the US as well as overseeing the company operations.

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