Jay-Z Invests in What Some are Calling the ‘Uber’ for Private Jets

  • By Olamide Onipede

jay z

Hmmm, Businessman. Despite mixed reactions to his investment in Tidal,Jay Z has moved on to the next investment. The rapper and businessman has invested in Jetsmatter,an uber app for private jets .The app built by 27-year-old entrepreneur Sergey Petrossev, claims to let anyone book a flight on a private jet in a matter of seconds.

The app just closed a $20 million funding round from various sources.The funding will go to expanding routes and buying up more flights from carriers, the company said.

Apart from Jay Z, other high profile investors include the Saudi Royal Family. The amount they have invested remains undisclosed.

ALSO READ: Jay Z’s Troubled Music Service Tidal Loses Another CEO

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