Charter & Fractional
Online Charter Portal PrivateFly Plans U.S. Expansion
Company plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments.

UK-based online air charter portal PrivateFly plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments. First-round investment of approximately $3 million in November 2011 allowed the company to expand its team, launch multiple language platforms across European markets and develop its technology. Since then, PrivateFly has grown by more than 80 percent annually and projects it generated nearly $16.7 million in revenue last year.