Fladgate advises Victor on $20m investment round and collaboration agreement with Air BP
Jet marketplace Victor gets investment funding
London law firm Fladgate has acted for leading on-demand private jet charter marketplace Victor on its $20m Series B investment round. The lead investor was BP Ventures, the tech-focused venture capital arm of the BP group. Victor intends to use the proceeds of the fundraising to accelerate the next phase of its ambitious growth trajectory. The company intends to expand the geographical footprint of its B2C service, whilst developing its innovative data-driven, digital platform into a new transactional, ‘full spectrum’ B2B marketplace connecting suppliers, re-sellers and other service providers.
The Fladgate team was led by corporate partner Andrew Bessemer Clark, assisted by corporate senior associate Jamie Hamilton and corporate trainee Thomas Maw. A separate Fladgate team comprising commercial and IP partners Eddie Powell and Alan Wetterhahn advised Victor on its commercial collaboration agreement with Air BP, the BP group’s aviation fuel division. This agreement will see Air BP become the preferred fuel supplier for flights arranged via Victor’s digital platform at Air BP locations. BP Ventures was advised by Pinsent Masons and Air BP was advised in-house.