About this raise

Jet Token, a private aviation platform, is raising funds on StartEngine through Reg A+ crowdfunding. It is a private jet booking and membership platform that can also be used to book a commercial airline ticket. Jet Token also plans to introduce blockchain technology into the private jet aviation industry, using which the users with 25-hour memberships will have an option to sell their unused time to other users. Mike Winston founded Jet Token in 2018. The current funding round has no minimum raise and a maximum raise of $25,000,000, and the proceeds will be used for development and expansion, marketing, and acquisition of certain business jet aircraft. Jet Token has signed a deposit agreement with Honda Aircraft Company for the lease of up to four HondaJets and has a letter of intent with Gama Aviation for the management, maintenance, and operation of the HondaJets.

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Investment Overview

Invested this round: $7,009,894

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/23/2021
Close Date
Not Provided
Min. Goal
$99
Max Goal
$25,000,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$124,000,000

Company & Team

Company

Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Las Vegas, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Mike Winston
Title
Founder

Financials

 Revenue
$0
 Monthly Burn
$52,997
 Runway
20.9 months

Balance Sheet

Cash and Cash Equivalents

$1,107,160

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Total Assets

$1,305,677

Accounts Payable & Accrued Liabilities

$177,088

Long Term Debt

$67,222

Total Liabilities

$298,603

Total Stockholders' Equity

$1,007,074

Total Liabilities and Equity

$1,305,677

Statement of Comprehensive Income Information

Total Revenues

$0

Costs & Expenses Applicable to Rev

$0

Depreciation and Amortization

$0

Net Income

$-635,959

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/26/2023 StartEngine $124,000,000 $7,009,894 Equity - Common Funded RegA+
06/22/2021 StartEngine $124,000,000 $192,935 Equity - Common Funded Test the Waters / RegA+
12/25/2020 StartEngine $46,000,000 $9,999,192 Equity - Common Funded RegA+
07/08/2019 StartEngine $5,508,000 $1,069,987 Equity - Preferred Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Jet Token on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $124,000,000
Price per Share: $0.75

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