BestMile races to $5.5m finish

Apr 20, 2017 •

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.

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