About Magellan Jets
Magellan Jets is a company based in Quincy (United States) founded in 2008.. Magellan Jets has raised $1.16 million across 1 funding round. The company has 64 employees as of December 31, 2022. Magellan Jets offers products and services including Jet Card and On-Demand Charter.
- Headquarter Quincy, United States
- Employees 64 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Magellan Jets Inc
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Annual Revenue
$00as on Aug 14, 2009
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Net Profit
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EBITDA
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Total Equity Funding
$1.16 M (USD)
in 1 rounds
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Latest Funding Round
$1.16 M (USD), Seed
Aug 14, 2009
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Investors
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Employee Count
64
as on Dec 31, 2022
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Products & Services of Magellan Jets
Magellan Jets offers a comprehensive portfolio of products and services, including Jet Card and On-Demand Charter. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Prepaid jet charter services are provided for flexible air travel options
Charter flights are arranged on request to meet immediate travel needs
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Funding Insights of Magellan Jets
Magellan Jets has successfully raised a total of $1.16M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.16 million completed in August 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(14 Aug 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Seed - Magellan Jets | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magellan Jets
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magellan Jets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magellan Jets Comparisons
Competitors of Magellan Jets
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Magellan Jets
When was Magellan Jets founded?
Magellan Jets was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Magellan Jets located?
Magellan Jets is headquartered in Quincy, United States.
Is Magellan Jets a funded company?
Magellan Jets is a funded company, having raised a total of $1.16M across 1 funding round to date. The company's 1st funding round was a Seed of $1.16M, raised on Aug 14, 2009.
How many employees does Magellan Jets have?
As of Dec 31, 2022, the latest employee count at Magellan Jets is 64.
What does Magellan Jets do?
Magellan Jets was founded in 2008 and is headquartered in Quincy, United States. Operations focus on the private aviation sector, where on-demand charter flights, jet card programs, and membership services are offered. Sales of private jets are also managed. An asset-light model is employed, with funds allocated exclusively to flight operations. Safety standards are upheld through a dedicated team that supports client travel experiences across various locations.
What products or services does Magellan Jets offer?
Magellan Jets offers Jet Card and On-Demand Charter.