Transport technology specialist Zipabout has secured its largest private investment to date.
The £1.35m funding round will support the company’s Passenger Connect product. The platform provides timely and relevant travel information to passengers.
Alex Froom, Founder and Chief Product Officer at Zipabout, says: “Zipabout envisions a future where every transport decision is based on genuine knowledge and true insight.
“This significant investment from MEIF, supported by First Derivatives and Founders Factory, will enable it to offer invaluable knowledge and insight to policy-makers, transport operators and travellers through a range of innovative, easy-to-use products.”
The company has set up a new headquarters in Birmingham and will also look to triple its staff in the next four years. The funding will also support the company’s expansion into Europe.
