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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
Email LinkedIn