logo
logo

Employee Commute Platform MoveInSync Secures $15 Million in Series C Funding

Jan 29, 2024over 1 year ago

Amount Raised

$15 Million

BengaluruTransportation

Investors

Nexus Venture PartnersAthera Venture PartnersQualcomm VenturesSaama CapitalBessemer Venture Partners

Description

MoveInSync has successfully raised $15 million in a Series C funding round led by Bessemer Venture Partners. The funds will be directed towards the expansion of MoveInSync One, a comprehensive commute solution, and to empower its 800-member team to enhance fleet optimization capabilities, expand global operations, and target new markets, including the Philippines, South Africa, and the Middle East.

Company Information

Company

MoveInSync

Location

Bengaluru, Karnataka, India

About

MoveInSync is an integrated enterprise commute platform focused on providing seamless transportation solutions for businesses. The company serves over 400 clients in 35 countries, including several Fortune 500 companies. It aims to drive innovation and sustainability in employee commuting. This acquisition marks a strategic step in scaling their operations.

Related People

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech