Kenya's BuuPass secures investment from well-known American investor
Kenya's BuuPass secures investment from well-known American investor
BuuPass, a Kenyan bus ticketing platform, has announced an investment from American venture capital investor Tim Draper.
Africa Private Equity News’ Connect messaging service is now free. Directly message other private equity professionals in our community.
Download the free Africa Private Equity News app: Android | iOS (or search for it in the app store)
Tap on the top-right icon to log in or register a free account
Tap on bottom-right Connect icon to start chatting
BuuPass, a Kenyan bus ticketing platform, has announced an investment from American venture capital investor Tim Draper. BuuPass secured this investment from Tim Draper as part of its participation in the Meet the Drapers reality TV show.
Tim Draper is the founder of Draper Associates, DFJ, and the Draper Venture Network. He has funded an array of companies, including Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, and Hotmail, among others.
The investment will fuel BuuPass’s mission to digitise the $100 billion long-distance transport market in Africa.
Sonia Kabra, co-founder of BuuPass, said, “Securing investment from Tim Draper is a monumental milestone for BuuPass. His belief in our vision and potential is a huge vote of confidence. This partnership brings us closer to our goal of seamless movement of people and goods across Africa, and it’s a significant step towards achieving our dream of becoming a unicorn in the transportation sector.”
Draper added, “BuuPass has shown incredible promise in transforming the transportation industry in Africa. I am excited to be part of this journey and look forward to seeing BuuPass drive innovation and connectivity across the continent.”
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.