The fleet automation spinout from Swiss Federal Institute of Technology in Lausanne has attracted a $2m extension for its seed round.

BestMile, a fleet automation technology developer spun out of Swiss Federal Institute of Technology in Lausanne, has raised an additional $2m in seed funding, bringing the round’s total to $5.5m.

The extension was provided by Airbus Ventures, the corporate venturing arm of aerospace company Airbus, as well as VC firms Partech Ventures and Serena Capital.

The company secured an initial $3.5m tranche in July 2016 from investment firm Forticap, VC firm Perot Jain and assorted angel investors.

.fadeOut{ background: rgb(255,255,255); background: linear-gradient(0deg, rgba(255,255,255,1) 0%, rgba(255,255,255,0) 100%); margin-top:-350px; position: relative; z-index: 10; margin-bottom:30px; padding:50px; } .flex{ display:flex; justify-content:space-between; padding:10px 15px; background:#2e71b6; align-items:center; } .restricted-content{ box-shadow:0px 10px 20px rgba(0,0,0,0.4); padding:30px !important; } @media(max-width:1024px){ .hiddenWrap{ position: relative; height:800px; overflow:hidden; } .fadeOut{ padding-right:10px; padding-left:10px; margin-top:40px; height:auto; width:100%; height:800px; position: absolute; top:0px; left:0px; } .flex{ display: block; text-align:center; } .flex button{ margin-top:10px; } .restricted-content{ position: absolute; top:0px; left:0px; width:100%; height:auto; position: relative; } }

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?