Air BP chief business development officer Jonathan Wood, Victor CEO and founder Clive Jackson and managing director BP Ventures Akira Kirton. Photo courtesy of Victor

Victor partnership fuels investment

UK-headquartered online market-place Victor has signed a strategic investment agreement with BP Ventures, the investment arm of BP, which has committed to invest $10m as lead investor to the company's Series B fundraising round. This round has so far raised $20m, which brings the total of funding raised to $44.45m since Victor's launch in 2011.

With new investment Victor plans to further develop its B2B capability while also partnering with other flight-planning and aviation fuel providers. Victor has already confirmed a commercial agreement for Air BP to become preferred fuel supplier for the charters it arranges at Air BP locations. The company will also trial an initiative allowing customers to offset carbon emissions from their Victor-booked flights via BP Target Neutral.

CEO and founder Clive Jackson says: “Receiving backing from a major, legitimate institutional investor like BP is a strong endorse- ment of our management team and our strategic vision to reshape the general aviation market. This is a hugely exciting step forward in the company's evolution.”