PENSACOLA, Fla. – May 12, 2020 Coflyt,the first-of-its-kind intelligent aircraft management software in the general aviation space, today announced the completion of a $500,000 growth round of funding.
Coflyt changes the way owners manage their aircraft as the first integrated tool to replace paper log books and spreadsheets. Since its release in the fall 2019, Coflyt has been used to handle aircraft management for hundreds of single- and multi-engine aircraft globally.
Coflyt was started by Eric Hill at Mississippi State University and received seed funding from co-founder Tal Clark in May of 2019. “The completion of this growth round provides the capital that Coflyt needs to continue our engagement and rapid growth within the general aviation community,” said Clark.
“The adoption we’ve seen shows the value that Coflyt brings to the aviation sector,” said Clark. “We’re building on that through strategic partnerships with aviation innovators Share My Aircraft, Airbly, VREF, and aviation influencers such as Aviation101 and MojoGrip to share the excitement we’re seeing from the general aviation community.”
Coflyt will use the funding to continue to grow its presence in the general aviation space and share its digital solution for at-a-glance aircraft readiness with aircraft owners and partnerships as well as flying clubs and flight schools.
As a part of the raise, Coflyt will be moving into new office space within Jetty IoT in Pensacola, which is focused on supporting high growth companies within SaaS, Fintech and other industries developed around a recurring revenue stream.
ABOUT COFLYT®: Coflyt is an intelligent aircraft software that provides peace of mind by streamlining communication for aircraft owners, partners and flying clubs. Developed by pilots, Coflyt enables aircraft owners to centralize flight logs, track and share flight maps, analyze aircraft usage, show aircraft availability, automatically send logged status updates to A&Ps, simplify payments and more! Know exactly when aircraft maintenance is needed, access real-time usage data, and ensure compliance – all from the palm of your hand. Download Coflyt on the App Store or Google Play. For more information visit www.Coflyt.com.
ABOUT JETTY IoT: Jetty IoT (Ideas of Tomorrow) is dedicated to operations rooted in the IoT spectrum across various industry segments, and seeks to unite and mentor those who are passionate about developing their ideas. Jetty IoT values innovation that can be shaped into a SaaS-revenue model, while serving well-defined market niches. Developed by seasoned software and technology entrepreneurs with a proven record of building, advising, and investing in successful technology companies across the U.S., Jetty IoT offers members more than 100 years of invaluable entrepreneurial experience. For more information visit www.JettyIoT.com.