Stellar Labs Announces Financing of $8.6M Seed Round of Funding
LAS VEGAS, NEVADA, NOVEMBER 16, 2015 – Stellar Labs, the first complete digital marketplace for private aviation, today announced the results of its seed funding rounds. The company raised $8.6M, backed by top institutional investors, strategic investors and prominent angel investors.
The round includes participation from Structure Capital, Sherpa Ventures, Western Technology Investments, Camp One Ventures, Impossible Ventures, Aslanoba Capital, Dolby Family Ventures, Rob Solomon, Geoff Baldwin, Scott and Cyan Bannister, Chris Skarakis, and Robert Schumacher.
“We thank all our seed funding partners for their unwavering support and belief in our team, our strategic vision, and our deep scientific approach,” said Stellar President David Fox.
Stellar’s advanced science and technology delivers solutions for private jet operators including real-time revenue management, powerful optimization, automated pricing and dynamic scheduling. The company will soon launch its iOS app which will give private jet travelers the ability to search, select, filter, book and pay for flights in minutes from their iPhone.
“We have seeded and helped many of the largest market places in the world flourish to the full extent of their potential and we believe Stellar is THE next big one,” said Mike Walsh, Partner at Structure Capital. “This team is the real deal.”
The company used the funds to build out an extensive technology team, design a world-class operator and consumer interface, and significantly increase the core functionality of the platform.
“Stellar has assembled an exceptional group of entrepreneurs and technologists with proven track records of success,” said Camp One Ventures Partner Robert Claassen. “We are thrilled to be involved with such a talented team and we are very excited at the positive impact that Stellar will have on the business jet aviation industry.”
ABOUT STELLAR LABS
Stellar is the first complete digital marketplace for private aviation. Designed by four PhDs, a team of over 30 developers, and a veteran leadership team from Silicon Valley, Stellar brings together the most advanced technologies and data science to streamline private aviation for travelers and operators. Stellar’s proprietary operator technology integrates with the first all-digital distribution network making thousands of flights instantly available to anyone.