Zeelo Raises $14 Million to Optimize Corporate Shuttle Routes: Startup Funding Roundup

25.08.2023 - 12:51 / skift.com / Justin Dawes

Four travel tech startups have announced raises of more than $16 million this week.

>>Zeelo, a platform that optimizes shuttle routes, has raised $14 million in an oversubscribed series A extension round. It was led by FlatzHoffmann, with support from IREON Ventures, an undisclosed family fund in Boston, and angel investors. 

The startup said it has now raised $34 million, including $12 million raised in 2021. 

The London-based startup said its software platform can help client companies determine the most efficient routes for buses. Clients include companies that have employee shuttles as well as school bus companies. 

The funding will go toward hiring, releasing new tech products, and expanding business in the U.S. The company opened a second headquarters in Boston as it works to expand.

Zeelo said it has already secured contracts with Fidelity as well as two “leading multi-site corporate enterprise clients, including the world’s leading e-commerce marketplace and a global shipping and logistics business.”

Sam Ryan, co-founder and CEO of Zeelo, said in a statement: “Developed markets are underserved for daily mass transportation needs, and we have seen increased demand for our transit-tech solution in the United States over the past 12 months. Due to this demand, we’ve had a growing number of requests from shuttle operators to leverage our technology to improve their client relationships and streamline operations. This new capital will accelerate Zeelo’s expansion across the US for an accelerated rollout of large scale, multi-site transportation contracts, with some of North America’s biggest household brands, as well as further investment in our software offering.”

>>Teleport, a startup platform for travel visa services, has raised $500,000 in pre-seed funding.

Investors included Kunal Shah, Vidit Aatrey, Kishore Ganji, Appreciate Capital, Superb Capital, 888vc, and Faad Network.

The India-based startup said its platform can streamline tedious visa processing tasks.

More than 100 travel agents and travel companies use the platform, the startup said. It has a target to process 1 million visas within this year.    

The funding will go toward strengthening the technology, hiring, and expanding users. 

“For many Indians, the excitement of traveling abroad often gets overshadowed by tedious visa formalities. It’s clear that amidst these bureaucratic challenges, there lies a significant opportunity to craft a service grounded in trust and understanding for Indian travelers,” said Abhishek Agarwal, partner at Appreciate Capital, in a statement. 

>>Tripmakery.com, a group travel booking platform based in Austria, has reportedly raised an undisclosed “seven-figure investment.”

It was led by ZAKA VC, with