Venture Capital News: BusUp Completes $6M Series A Funding Round
2021-02-11
SAN FRANCISCO, CA, BusUp today announced the close of its Series A financing round.
BusUp, the #1 corporate bus commuter management solution in the E.U. and LatAm, today announced the close of its Series A financing round to accelerate commercialization of its flexible and shared corporate commuting services in the United States. The new capital will allow BusUp to expand operations in the US and consolidate other existing markets in response to growing interest in employer-provided commuter benefits and mobility services. The $6 million financing round is led by Proeza Ventures, the largest mobility investment firm in Latin America, and supported by leading US transportation venture capital firm Autotech Ventures (investor in Lyft and Volta Charging), and IESE's Business School venture fund Finaves V, among others.
BusUp is a mobility service provider that specializes in efficient and flexible corporate commuting services, and is the first company in the world to offer shared corporate shuttle services. With more than 5 years of existence, BusUp is already a global company that is currently fully operational in the U.S., Europe, and Latin America for large corporations such as Accenture, Roche, Siemens, Cognizant, Nestlé, DXC Technologies, Louis Vuitton, etc. Thanks to its technology and its innovative business model BusUp has disrupted a very traditional and low digitized sector, bringing efficiency and convenience to all its stakeholders: passengers, clients, operators, and public administration. Since its inception, BusUp has partnered with more than 150 operators and attended more than 100 clients, exceeding 500,000 passengers worldwide. To learn more about BusUp, visit www.busup.com.
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