Menu visibility control

Video

Events

Startup Surgery

Most Recent

FinTech

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital

Sponsored

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport

Investments

London machine learning startup Sportr closes $350k Seed round

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

London’s TravelTech startup Zeelo gets $450,000 in pre-Seed funding

zeelo
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Zeelo, a London-based startup which is using AI to predict surges in users’ demand for coach travel, has closed a $450,000 pre-Seed from investors including Jaguar Land Rover’s mobility Seed programme InMotion Ventures. 

The former CEO of Addison Lee Liam Griffin and a handful of other angel investors also participated in the round.

As part of the investment, Zeelo will join InMotion’s mobility Seed programme.

£195.6m in UK tech funding, the Taylor Review, WeWork’s huge Series G and more in The Week in Tech

Zeelo was co-founded by Barney Williams and Sam Ryan, who previously sold ‘JumpIn’, a taxi booking and sharing app for students, to Addison Lee in 2014 while at university.

The company says it has transported more than 3,000 travellers since February.

Speaking about the company’s origins, Williams, said: “Zeelo was born out of our frustration of scheduled transport services not catering well for surges in travel demand.

“We were fed up with crowded and expensive trains only running from major towns and cities. We aim to understand what people actually need, rather than forcing them into certain types of transport systems.”

The company will use the money to begin expanding across the UK, initially focusing on event travel.

“The inter-urban transport market is worth an estimated £42 billion a year but travellers are not being given the options they deserve,” Ryan noted. “We’ve all experienced overcrowded trains when heading to major events, and lengthy queues when leaving. We want to fix that.”

“Zeelo has the potential to revolutionise the coach industry,” James Nettleton, head of Seed Programme at InMotion Ventures, highlighted.

“This is the type of business we love at InMotion. Operational complexity. Insight into customer needs. Deep data science. All coming together in a compelling consumer proposition. I can’t wait to work with the team to grow the business over the coming years.”

The startup has plans to expand into Europe in late 2018.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Aire Team picture June 2017_9

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital
posted 3 hours ago

Tech Chats June - digital mobility

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport
posted 4 hours ago

mobile phone

London machine learning startup Sportr closes $350k Seed round
posted 6 hours ago

The Week in Tech

A $170m tech fund, a drowning robot and more in The Week in Tech
posted 11 hours ago

Graphcore founders Nigel Toon CEO (right) & Simon Knowles CTO (left)

Bristol-based Graphcore raises $30m from backers including DeepMind co-founder and Atomico
posted on July 20, 2017

UK accounted for nearly ‘40% of European VC funding rounds in Q2 2017’
posted on July 20, 2017