MySky Secures New Funding to Expand Into the U.S. Market, Welcomes Jean De Looz as Head of Americas

Jun 02, 2020•about 5 years ago

New York

Description

MySky, the only AI-powered spend management platform designed for the private aviation industry, today announced the closing of a $5 million capital raise led by GMF Capital, with participation from Global Trading Group. The investment will enable the expansion of MySky's operations and technology into the Americas under the direction of the new Head of Americas Jean De Looz. Since its launch in 2016, MySky has experienced rapid success in Europe, reporting 60% growth in the first quarter of 2020. With offices in Geneva, London, and Moscow, and a new office in New York, MySky is pleased to officially introduce its platform to the Americas.

Company Information

Company

My Sky

Location

New York, New York, United States

About

MySky is the only spend management platform developed for the private aviation industry. Using AI, optical character recognition, and machine learning, MySky brings standardization and transparency to an unregulated industry. The platform, a proprietary financial management solution, helps to decrease costs and optimize time for private jet owners, operators and consultants. Active for more than 5 years and servicing more than 350 aircraft worldwide, MySky operates as an independent, third-party player and offers the largest cost database in the industry. The company is headquartered in Switzerland and is active in Europe, the Americas and the CIS. For more information, please visit https://mysky.com/.