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JetBlue Ventures

North America, California, United States, San Carlos

Description

JetBlue Ventures is the corporate venture capital arm of JetBlue Airways, strategically based in San Carlos, California. Established with the mission to invest in and partner with seed-stage startups, the firm focuses on innovations that are shaping the future of travel and hospitality. Its investment thesis is deeply aligned with JetBlue's core business, seeking out technologies and business models that can enhance customer experience, improve operational efficiency, foster sustainable travel, and unlock new revenue streams within the aviation and broader travel sectors.

The firm's investment scope is broad within the travel ecosystem, encompassing areas such as airport operations, inflight experience, booking and distribution technologies, loyalty programs, and emerging sustainable solutions like alternative fuels and advanced materials. JetBlue Ventures acts not just as a financial investor but also as a strategic partner, leveraging JetBlue's extensive industry expertise, operational insights, and vast network to help its portfolio companies develop and scale their solutions. This strategic alignment provides startups with invaluable real-world testing grounds and potential integration opportunities within a major airline's operations.

JetBlue Ventures typically provides initial checks ranging from $250,000 to $1 million, targeting companies in their seed or early-stage funding rounds. Since its inception, the firm has been highly active, making nearly 70 investments in a diverse array of startups across the travel technology landscape. This robust portfolio includes companies focused on everything from AI-driven customer service to biometric security and advanced analytics. Furthermore, JetBlue Ventures has facilitated over a dozen exits for its portfolio companies, demonstrating its ability to identify and nurture promising ventures that achieve successful outcomes.

By combining financial capital with strategic guidance and operational access, JetBlue Ventures plays a crucial role in fostering innovation within the travel industry. It serves as a bridge between the agility of startups and the established infrastructure of a major airline, aiming to accelerate the adoption of groundbreaking technologies that will redefine the travel experience for consumers and enhance the efficiency of the industry.

Investor Profile

JetBlue Ventures has backed more than 58 startups, with 3 new investments in the last 12 months alone. The firm has led 4 rounds, about 7% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Ireland, United Kingdom.
  • Strong thematic focus on Artificial Intelligence (AI), Software, SaaS.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (29%)
  • Seed (28%)
  • Series Unknown (17%)
  • Series B (12%)
  • Series C (5%)
  • Series E (3%)
  • Pre Seed (3%)
  • Series F (2%)

Country Focus

  • United States (91%)
  • Ireland (2%)
  • United Kingdom (2%)
  • Israel (2%)
  • Canada (2%)
  • Spain (2%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Software
  • Saas
  • Travel
  • Machine Learning
  • Air Transportation
  • Information Technology
  • Aerospace
  • Big Data
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does JetBlue Ventures frequently co-invest with?

Playground Global
North America, California, United States, Palo Alto
Co-Investments: 3
Canaan Partners
North America, California, United States, Menlo Park
Co-Investments: 4
HOWZAT Partners
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 2
Toyota Ventures
North America, California, United States, Los Altos
Co-Investments: 6
IAG Capital Partners
North America, South Carolina, United States, Charleston
Co-Investments: 3
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 5
Streamlined Ventures
North America, California, United States, Palo Alto
Co-Investments: 4
Square Peg Capital
North America, Virginia, United States, Richmond
Co-Investments: 3
Asset Management Ventures (AMV)
North America, California, United States, Palo Alto
Co-Investments: 2
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does JetBlue Ventures often collaborate with?

BV
North America, California, United States, Los Angeles
Shared Deals: 1
GT
Europe, Dublin, Ireland, Dublin
Shared Deals: 1
Daniel Saul
North America, Massachusetts, United States, Boston
Shared Deals: 1
PT
North America, California, United States, San Francisco
Shared Deals: 3
RW
North America, California, United States
Shared Deals: 1
JC
North America, New York, United States, Rochester
Shared Deals: 1
Bhanu Chopra
Asia, Delhi, India, New Delhi
Shared Deals: 1
JW
North America, Washington, United States, Seattle
Shared Deals: 1
J.R. Johnson
North America, California, United States
Shared Deals: 1
SA
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by JetBlue Ventures?

Wherobots Inc.

San Francisco, California, United States

Wherobots is the spatial intelligence cloud

AnalyticsArtificial Intelligence (AI)Cloud Data ServicesDatabaseGeospatialSoftware
Series ANov 26, 2024
Amount Raised: $21,500,000
Air Company

New York, New York, United States

Air Company is a carbon utilization company creating consumer and industrial products from carbon dioxide (CO2).

Carbon CaptureChemicalGreenTechManufacturing
Series BSep 18, 2024
Amount Raised: $69,000,000
Beacon AI

San Francisco, California, United States

Beacon AI builds pilot assistant technology, effectively R2-D2 for pilots.

Air TransportationArtificial Intelligence (AI)Big Data
Series AAug 21, 2024
Amount Raised: $15,000,000
Aether Fuels

San Francisco, California, United States

Aether Fuels is a cutting-edge climate technology startup.

EnergyPower GridRenewable Energy
Series AJun 27, 2024
Amount Raised: $34,000,000
NLX

New York, New York, United States

NLX offers platform for automating customer experiences across channels with advanced AI and language models.

Artificial Intelligence (AI)Customer ServiceMachine LearningSaaS
Series AFeb 26, 2024
Amount Raised: $12,000,000
Aether Fuels

San Francisco, California, United States

Aether Fuels is a cutting-edge climate technology startup.

EnergyPower GridRenewable Energy
SeedDec 14, 2023
Amount Raised: $8,500,000
Pulsora

San Francisco, California, United States

Pulsora is an enterprise environmental, social, and governance software as a service platform.

Information TechnologySaaSSoftware
Series ASep 12, 2023
Amount Raised: $20,000,000
Avnos

Santa Monica, California, United States

Avnos is commercializing technology to capture CO2 without consuming water, producing water for every ton.

Carbon CaptureEnergyEnvironmental EngineeringWater
Series UnknownJul 13, 2023
Amount Raised: $80,000,000
Tomorrow.io

Boston, Massachusetts, United States

Tomorrow.io is a weather intelligence platform that provides real-time weather forecasts.

Artificial Intelligence (AI)Big DataBusiness Information SystemsEnvironmental ConsultingSaaS
Series EJun 14, 2023
Amount Raised: $87,000,000
Shift5

Arlington, Virginia, United States

Shift5 is a cybersecurity company that provides hardware and software solutions to defend operational technology (OT) platforms.

Cyber SecurityHardwareSoftwareTransportation
Series BJun 7, 2023
Amount Raised: $33,000,000