MySky secures USD 5m in new funding round led by GMF Capital

MySky, an AI-powered spend management platform, has announced the closing of a USD 5 funding round led by GMF Capital, with participation from Global Trading Group, the company said.

The investment will enable the expansion of MySky´s operations and technology into the Americas under the direction of the new Head of Americas Jean De Looz. Since its launch in 2016, MySky has experienced rapid success in Europe, reporting 60% growth in the first quarter of 2020. With offices in Geneva, London, and Moscow, and a new office in New York, MySky is pleased to officially introduce its platform to the Americas.

MySky is a spend management platform developed for the private aviation industry. Using AI, optical character recognition, and machine learning, MySky brings standardization and transparency to an unregulated industry. The platform, a proprietary financial management solution, helps to decrease costs and optimize time for private jet owners, operators and consultants.

GMF Capital is a privately-owned alternative investment company.