Jay Z's 'Uber For Private Jets' App Just Raised £80 Million

It's not quite as cheap as Uber, though

JetSmarter, an Jay Z-backed app described as "Uber for the skies", has raised $105 million in funding, according to the startup's founder Sergey Petrossov.

TechCrunch revealed that the app allows travellers to book seats on a private jet or, if necessary, charter an entire plane.

The app is free to download, but "core membership" will cost you $15,000 (after a light background check). Once the fee is paid, members will get a seat on a wide selection of flights "free", but need to pay for extra tickets if entourage need to come on board too.

Advertisement - Continue Reading Below

Alongside Jay Z, members of the Saudi royal family have also thrown their cash behind the business, which is now looking to expand JetSmarter throughout Asia and Latin America.

JetSmarter doesn't actually own any planes, however. Instead, it works with operators, owners and carriers to maintain their system of easy, on-demand flights.

Founder Petrossov said, "Everything we do is about making flying fun again."

It's yet to be seen what dodgy in-flight meals will do for their pilots' scores, however.