What is JetBlue Technology Ventures?
We’re the venture capital subsidiary of JetBlue Airways. Our mission is to incubate, invest in and partner with early stage startups at the intersection of technology and travel. Our team includes venture capital pros and travel industry veterans. You can learn more about our passions here and more about our people here.
How do you determine which startups to support?
We’re interested in companies that align with at least one of our five investment themes. For us, people matter – we like to say it’s more about the who than the what. We’re excited to work with innovative, passionate folks who are brilliant at what they do and who want to make a difference in the world.
When do you invest in a startup?
When we identify a company with the potential to transform the travel industry, we want to come in early enough to support the founders in a meaningful way. We typically invest in early stage startups that are between seed and series B. That said, if your brilliant idea is further along the track, we still want to hear from you.
Do your portfolio companies have to be based in the U.S.?
While we do invest in start-ups internationally, one of the benefits of working with us is that we are very hands-on and like to support our portfolio companies by offering guidance, resources, and real-time feedback and connections. That becomes slightly more complicated if you’re on the other side of the globe, but for great ideas and great founders, we will travel anywhere.
- How many investments have you made, and what’s the average size?
Do you provide portfolio companies anything beyond funding?
Yes! We are proud to be a strategic partner for all of our investments. We provide a number of services, including PR support, mentorship and business development. Additionally, we invite select companies to be incubated right here in our Silicon Valley offices and all of our portfolio companies get the benefit of guidance from our experienced and travel industry-savvy team. We also help to make connections both at JetBlue, across the travel industry, and with other venture capital firms for our entrepreneurs.
Do you focus solely on technology that could be adopted by JetBlue Airways?
We’re looking for any startups that can disrupt the whole travel industry – not just airlines. When we choose to invest in a startup, we certainly consider whether it would provide strategic value for JetBlue Airways. But, we’re also interested in whether the company can enhance the travel industry as a whole.
How soon do you expect your portfolio companies to have an impact on the travel industry?
At JetBlue Technology Ventures, we care more about HOW companies are going to make an impact, rather than WHEN it’s going to happen. As a strategic investor, we don’t require an exit on a set timeline – our main focus is to help support you and your mission. When we invest in a startup, we classify companies as belonging to one of three investment horizons for impact to the travel industry: 0 to 18 months, two to five years and seven to ten years. Most of our investments focus on startups fall into the first two categories, but we’re also open to disruptive “moonshot” technologies that may take up to a decade to come to fruition.
Do you limit who your portfolio companies work with and accept funding from?
We want our portfolio companies to secure funding and build relationships that make sense for them. We actively introduce them to key players throughout the travel industry. We’re happy to partner with both venture capital firms and fellow corporate venture capital funds. We will actively help and support you – the sky is the limit!