Announced
Completed
Financials
Sources
Tags
Private
Completed
student transportation
Acquisition
Venture Capital
Commercial Vehicles and Parts
United States
Domestic
Friendly
application software
Private Equity
Minority
Single Bidder
Synopsis
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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