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New Deal


Announced

Completed

Softbank Vision Fund 2 led a $130m Series D funding round in Zum.

Financials

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Transaction Value£95m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

student transportation

Acquisition

Venture Capital

Commercial Vehicles and Parts

United States

Domestic

Friendly

application software

Private Equity

Minority

Single Bidder

Synopsis

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Softbank Vision Fund 2 led a $130m Series D funding round in Zum, a provider of on-demand ride and care services intended to offer reliable child transportation and care for children. Additional investors include Sequoia and BMW i Ventures. "Using data and technology, we believe Zum is modernizing school transportation by offering better services, efficiency, and sustainability — while increasing safety for children. We are impressed with the immediate impact that Zum has made for school districts who have deployed its service across their entire network of schools over the past year, including significant cost savings. We are pleased to partner with Ritu, Vivek, and the team to support their mission of reimagining student transportation," Andrew Straub, Softbank Investment Director.

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