Thursday, October 5, 2017

Stellar Labs Takes Off With $26.3M For Business Aviation Marketplace

San Francisco-based Stellar Labs, which operates a business aviation marketplace, has raised $26.3M in a Series A funding round, the company said this morning. The funding came from Global Jet Capital, a provider of corporate aircraft financing backed by The Carlyle Group, Blackstone's GSO Capital Partners, and AE Industrial Partners; Columbia Equity Partners; and Expa. Stellar Labs says it has now raised over $50M. Stellar's co-founder and CEO is David Fox. Stellar's marketplace makes business jet time available from charter operators all via an online marketplace. As part of the funding, Columbia Equity's Dean Donovan and Brian Flynn (co-founders of Volaris), and Global Jet's Shawn Vick and David Siegel (former CEO of US Airways, Frontier Airways, Avis Budget Group, AWAS, and XOJET) have all joined the company's board of directors. More information »