Zeelo, a Boston, MA-based transit-tech company, raised USD14M in Series A extension funding.
Backers included FlatzHoffmann, IREON Ventures, existing firms ETF Partners, InMotion Ventures, and angel investors.
The company intends to use the funds to accelerate and scale the team and operations and launch new technology products to serve US enterprise clients and operators for employee shuttle transportation needs for commutes across the East and West coasts.
Led by Sam Ryan (CEO) and Barney Williams (CCO) and Dani Ruiz, Zeelo is a global transit-tech company empowering bus operators, employers and schools to provide highly efficient, sustainable and affordable transportation programs. It provides software and managed services to its clients and partners to increase bus occupancy levels and reduce transportation costs, CO2 emissions and administrative time. Its secure and innovative transportation management software system comprises a SaaS platform, proprietary routing algorithm, mobile apps for riders and drivers, and 24/7 customer support (4.9 TrustPilot rating) ensuring poorly connected commuters have a regular, subsidized and sustainable bus service, wherever they are based.
FinSMEs
15(08/2023