Sn-ap Travel Technology – the on-demand intercity travel service – has announced that it has raised £3.4m, in its latest investment round led by ADV and Oxford Capital.
ADV and Oxford Capital join existing investors Kindred Capital as well as ‘industry angels’ who cumulatively have funded Sn-ap’s expansion with £6m in just 20 months.
Sn-ap will use the new funds to roll out its service, already live in Bristol, Cardiff and Nottingham, to a further four UK cities in the next five months. By the summer, Sn-ap predicts over 100,000 people will be on-demand intercity coach travellers.
Founder Thomas Ableman says: “Intercity travellers have had to put up with poor service, high fares and the constraints of fixed routes and timetables for too long. We are bringing the power of technology to give them the quality and service they deserve.”
Sn-ap uses machine learning to predict the dates, times and routes that people wish to travel, and to set the optimal price. As a result, Sn-ap only operates at times of highest demand.
