ETF Digest
Zeelo acquires Kura to accelerate growth and profitability
Posted
9 February 2024
Categories
Big news from the Zeelo HQ today!
Our portfolio company Zeelo, the leading global transit-tech company, has acquired UK-based Kura, a specialist in school transportation and transport safeguarding software.
The acquisition comes on the heels of their recent $14M fundraising announcement and further accelerates Zeelo’s profitability in the UK.
On the announcement of the acquisition, Sam Ryan, Co Founder & CEO of Zeelo said ‘After our recent $14M fundraise announcement, I’m delighted to be sharing the news of further growth through the acquisition of Kura. We were impressed with the world class technology and the high quality service delivery provided by the Kura team. Their complimentary business model will further accelerate our profitability in the UK. This is the first of many M&A opportunities that will play an important role in our growth strategy as we continue to scale in the UK and US markets.’
Congratulations to the teams at Zeelo and Kura from everyone at ETF Partners.
Read more on the acquisition HERE.