London-based startup Zeelo has successfully raised £11 million (approximately $14 million) in a Series A extension funding round. The funding round was led by investors including FlatzHoffmann, IREON Ventures, and a Boston-based family office.
Zeelo’s smart shuttle services offer a novel approach to addressing daily mass transportation needs in developed markets.
By optimizing transportation routes, the startup aims to reduce commuting times for individuals, ultimately saving both time and money compared to traditional driving or public transport options.
In addition to catering to individual commuters, Zeelo partners with corporate clients to provide shuttle routes that serve as incentives for employee retention.
The convenience and time-saving benefits of utilizing Zeelo’s “smart routes” align with the needs of today’s workforce, contributing to enhanced job satisfaction and a more appealing workplace environment.
Sam Ryan, Zeelo’s co-founder and CEO, expressed the growing demand for their transit-tech solution in developed markets, particularly in the United States.
The successful launched of the Series A funding will facilitate the startup’s expansion into the US market.
Christopher Hoffmann, Partner at FlatzHoffmann, praised Zeelo’s leadership team and their innovative capabilities. He noted the startup’s progress in building its business and expressed anticipation in supporting its growth strategy for developed markets.
Established in 2016, Zeelo specializes in developing intelligent shuttle solutions to enhance the efficiency of transportation routes. The startup collaborates with businesses and educational institutions to streamline commuting times.
With the newly secured funding, Zeelo has plans to establish its US headquarters in Boston. CEO Sam Ryan and co-founder Barney Williams will relocate to the US to spearhead the establishment of the North American base.
This expansion marks a significant step forward in Zeelo’s journey to revolutionize mass transportation and enhance commuting experiences for individuals and corporate clients alike.