SKOOT secures £1.5m in pre-series A funding to fuel international expansion
The mobility app has raised £1.5m to support its roadmap and overseas expansion plans.
Share allotment filed at Companies House
SKOOT operates a carbon-negative lift-sharing and mobility application that connects drivers with passengers. The platform plants trees to offset the carbon emissions generated by every journey.
Mobility app SKOOT has secured £1.5m in its latest funding round, bringing its total capital raised since early 2020 to £3.1m. The latest injection follows a £330k backing from Turquoise through the Low Carbon Innovation Fund 2 in January 2021, alongside an earlier £75k award from Innovate UK.
Founded in 2019, the London-based start-up provides a carbon-negative lift-sharing platform that plants trees to offset journey emissions. The company recently launched an Errands feature to support vulnerable individuals and has seen user numbers surge by 125 percent over a 30-day period.
The fresh capital will support the company as it continues developing partnerships with sporting clubs and venues, alongside pursuing international expansion across Europe, North America, Canada, and Australia.
From the founder
"What resonates with investors is not just the initial premise of the business and how it can appeal to all demographics, but also our ability to refocus during the pandemic. From the fact we are the first carbon-negative lift-sharing app to identifying the need for Errands to getting it up and running so quickly, is why we have been so successful in our funding."
Greg Gormley
CEO at SKOOT
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
SKOOT
SKOOT provides a carbon-negative lift-sharing application for friends.