# Jetway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jetway

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.nextravel.com
- Total disclosed funding: $2.4M
- Latest round: Series A (Jan 28, 2020)
- Investors on record: 5

## About

Jetway, Inc. is a corporate travel management firm that specializes in providing comprehensive business travel solutions, enhancing the efficiency and effectiveness of travel for organizations across various sectors.Founded in 2015 in Santa Monica, California, Jetway, Inc. focuses on optimizing business travel experiences. The company participated in a Series A funding round in January 2021, raising USD 2.40 mn from investors including Pipeline Angels and Quest Ventures. In January 2021, Jetway was acquired by TravelPerk, S.L.U., a portfolio company known for its travel solutions.Jetway, Inc. specializes in Corporate Travel Management and Business Travel Services by offering a suite of solutions designed to streamline and enhance the travel experience for organizations. Their platform allows businesses to efficiently book work trips, manage itineraries, track expenses, and maintain oversight of travel-related costs, catering primarily to mid-sized and large enterprises in North America, Europe, and Asia-Pacific markets.The company generates revenue through B2B transactions, where corporate clients pay for access to the travel management platform. This is structured on a subscription basis or negotiated service agreements based on travel volume. Fees associated with service usage, including booking and transaction fees, contribute to revenue, while tiered pricing plans enhance value for varying client needs.Jetway, Inc. plans to leverage recent funding to enhance its platform and expand its service offerings. Specific upcoming products are being developed to further streamline travel management. The company aims to enter new markets in Europe and Asia by 2023, capitalizing on the demand for effective travel solutions following its acquisition by TravelPerk, S.L.U. The strategic use of the USD 2.40 mn raised in the Series A funding round will support these initiatives.

## Funding rounds

- Series A, Jan 28, 2020, $2.4M — Quest Ventures, Pipeline Angels
- Seed, Apr 1, 2015 — Y Combinator, Winklevoss Capital, Soma Capital Management

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Quest Ventures (https://capitalatlas.ai/funds/quest-ventures) — Series A
- Pipeline Angels (https://capitalatlas.ai/funds/pipeline-angels) — Series A