The student transport service secured backing from SoftBank Vision Fund 2 and BMW i Ventures as it looks to fuel its expansion.
Internet and telecommunications group SoftBank’s Vision Fund 2 and automotive manufacturer BMW’s corporate venturing unit BMW i Ventures participated in US-based student transportation service Zum’s $130m series D round yesterday.
Venture capital firm Sequoia Capital also contributed to the round, which brings Zum’s total funding to $200m. Andrew Straub, an investor at Softbank Investment Advisers, which manages Vision Fund 2, will take a board seat at the company.
Zum provides school transportation services for school districts and plans to use…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
