Rabbit Internet, a joint venture between mass transit group BTS and investment firm Alpha Founders, has raised $9.1m that will go to building its consumer internet offerings.

Mass transit service provider BTS Group has led a $9.1m series A round for Thailand-based consumer internet holding company Rabbit Internet, DealStreetAsia reported on Friday.

Rabbit Internet will function as a startup builder and investor, helping to develop branded consumer internet companies in Southeast Asia at early and growth stage. Its subsidiaries include personal finance platform Rabbit Finance, digital advertising company Rabbit Connect and e-commerce operator Rabbit Shopping.

Rabbit Internet is a joint venture between BSS Holdings, a financial services…