Bestmile mobilises series B funding

Aug 29, 2019 • Callum Cyrus

Groupe ADP and Airbus Ventures both backed a $16.5m round that took the fleet management platform's overall funding to $35.5m.

US-based vehicle management software developer Bestmile has raised $16.5m in a series B round featuring airport operator Groupe ADP and Airbus Ventures, the corporate venturing arm of aerospace technology provider Airbus.

The round was co-led by venture capital firms Blue Lagoon Capital and TransLink Capital, with contributions from Road Ventures, Partech Ventures, Serena Capital and undisclosed additional investors.

Founded in 2014 as a spinout of research institute and university EPFL, Bestmile has created a platform that can be used to…

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