MySky raised $5 million in an investment round led by GMF Capital

MySky, a Lausanne, Switzerland-based SAAS developer of an AI-powered spend management platform, announced the closing of a $5 million capital funding round.

The money was raised from investors led by GMF Capital, with participation from Global Trading Group.

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.

MySky, founded in 2016 by Kirill Kim and Christopher Marich, developed 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.

MySky has offices in Geneva, London, and Moscow, and a new office in New York.