Zeelo

Canaccord Genuity has advised Zeelo on its US$23 Million Series B Fundraise

Canaccord Genuity is pleased to announce that it has advised Zeelo, the category-leading Transportation-as-a-Service (TaaS) provider for employers and schools offering mobility as a benefit, on its $20 million Series B funding round. The round was led by impact investor Blue Earth Capital, with participation from existing investors including Direttissima Growth Partners and Peter Bauer’s family office.

The new capital will be used to strengthen Zeelo’s profitable market leadership in the UK and Ireland, accelerate commercial growth in North America, enhance its proprietary routing software and AI powered transport management platform, and pursue further strategic M&A following the successful acquisition of UK competitor Kura in 2024.

Zeelo provides daily commuter transportation to help reduce employee turnover and cut carbon emissions, leveraging a network of 650+ vetted third-party operator partners with access to over 10,000 vehicles. It is trusted by some of the world’s largest employers and school groups, including Amazon, Barclays, and UPS, and has delivered over 175% year-on-year revenue growth in North America, alongside profitability in its core UK & Ireland market. The company’s AI-powered virtual transportation management workflow, which automates route design, incident management, and customer support, is at the heart of its service – enabling greater operational efficiency, lower cost-to-serve, and a significantly enhanced customer experience. This “human-centric” AI approach ensures

technology serves both riders and operations teams without removing the personal touch that defines Zeelo’s high service standards.