Digitized business aircraft records provider Bluetail has raised more than $2.1 million in its Series A investment round that was recently closed, the Phoenix-based company announced today. Brookstone Venture Capital (formerly Canal Partners) led the funding round for Bluetail, which provides digitized records such as maintenance and logbooks on business aircraft, with a total value of more than $1 billion.
“This successful venture capital effort is further proof in the ongoing value that Bluetail's Software-with-a-Service (SwaS) will continue to deliver throughout all segments of private, business, and commercial aircraft and helicopter operations,” said Roberto Guerrieri, who along with Stuart Illian founded Bluetail more than a year ago. With the capital raise, Bluetail will be able to continue its pace of growth, as well as add product features and establish partner integrations.
Brookstone managing partner Todd Belfer said the “explosive growth” of private and business aviation has had his firm’s attention for the past year. “Take that growth, and add the value benefits that Bluetail's platform brings to aircraft owners and operators, and you can see why we are so confident that now is the right time to invest in the company and private aviation,” he added.
