UTICA, N.Y.–(BUSINESS WIRE)–JETNET, a number one supplier of aviation information and market intelligence, as we speak introduced that it has secured a majority development funding led by Silversmith Capital Companions, a Boston-based development fairness agency. The funding marks the primary time JETNET has raised outdoors capital since its founding in 1988. The partnership with Silversmith will allow JETNET to develop its product footprint, put money into gross sales and advertising, and scale the workforce.

“We’re thrilled to companion with Silversmith for the subsequent chapter of JETNET’s development,” mentioned Tony Esposito, minority proprietor and member of the Board of Administrators. “Since my father based the corporate 34 years in the past, we’ve constructed JETNET with a relentless deal with our clients and our tradition. Partnering with an investor for the primary time was not a choice we took frivolously. In Silversmith we discovered a companion who not solely brings the experience we have to proceed to develop, but additionally shared the values which have served as the corporate’s basis.”

JETNET provides essentially the most complete and dependable database of enterprise and business aviation info to its world buyer base. Working straight with operators, homeowners, and producers, JETNET maintains essentially the most correct info within the business on pricing, availability, and site of mission-critical aviation assets. In December 2021, the corporate employed aviation government Greg Fell as its first Chief Government Officer.

“I made the choice to hitch JETNET as a result of as a long-time person of the corporate’s providers, I believed that the platform was not solely the very best product providing within the business, however that it was properly positioned to see continued natural development throughout many finish markets,” mentioned JETNET Chief Government Officer, Greg Fell. “Silversmith’s in depth expertise in serving to info corporations speed up development each organically and inorganically shall be invaluable to our workforce as we glance to develop our analysis capabilities and world footprint.”

“JETNET has executed an distinctive job constructing a best-in-class resolution that clients love,” mentioned Jim Quagliaroli, Managing Associate of Silversmith. “The JETNET platform powers the day-to-day operations of 1000’s of shoppers around the globe, and we’re excited to help the corporate in its subsequent part of development.”

Silversmith Vice President Ned Kingsley added, “As a worthwhile, rising enterprise offering information and data providers to a world market, JETNET is precisely the kind of enterprise which Silversmith seeks to help.”

Quagliaroli, Kingsley, and Silversmith Senior Affiliate Becca Katzen have joined the corporate’s Board of Administrators alongside Esposito and Fell. Kirkland & Ellis served as authorized counsel to Silversmith Capital Companions and Koley Jessen served as authorized counsel to JETNET.

About JETNET

As a number one supplier of aviation market info, JETNET delivers complete and dependable enterprise plane analysis to its unique clientele of aviation professionals worldwide. JETNET is the last word supply of knowledge and intelligence on the worldwide enterprise, business, and helicopter plane fleet and market, comprising greater than 110,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET provides complete, user-friendly plane information by way of real-time web entry or common updates.

About Silversmith Capital Companions

Based in 2015, Silversmith Capital Companions is a Boston-based development fairness agency with $2.zero billion of capital beneath administration. Silversmith’s mission is to companion with and help the very best entrepreneurs in rising, worthwhile know-how and healthcare corporations. Consultant investments embody ActiveCampaign, DistroKid, impression.com, Iodine Software program, LifeStance Well being, and Webflow. The companions have served on the boards of quite a few profitable development corporations together with ABILITY Community, Supplier.com, Liberty Dialysis, Passport Well being, SurveyMonkey, and Wrike. For extra details about Silversmith, please go to www.silversmith.com or comply with the agency on LinkedIn.