Transreport secures £10m from Puma Private Equity and Pembroke VCT to scale accessibility software
The accessibility technology company raised the capital to expand into aviation and international markets.
Transreport is an accessibility technology company that provides software solutions to improve public transport for older and disabled passengers. Its flagship product is the Passenger Assistance application.
Transreport has secured £10m in a funding round led by Puma Private Equity, with participation from Pembroke VCT. The capital will be deployed to scale the reach of its accessibility technology across new transport sectors, including aviation, and support international growth.
The company's core offering, the Passenger Assistance app, has facilitated millions of rail journeys since its launch in May 2021. The fresh financing will also fund talent acquisition and research and development efforts as the firm seeks to refine its platform.
Transreport has already established a presence in international markets, including a partnership with Japanese rail operator Hankyu Corporation. The latest injection of capital aims to build upon these foundations and expand services to a broader global audience.
From the founder
"This significant investment marks a key moment in the growth and history of Transreport and is a huge vote of confidence and trust from our investors, Puma Private Equity and Pembroke VCT, in our vision and ability to execute on our strategic plans. These funds will accelerate our expansion into the aviation sector and continue supporting our entry into the Japanese market in partnership with Hankyu Corporation, Japan’s world-leading railway operator and most importantly provide a better experience for disabled and older people."
Jay Shen
Founder and CEO at Transreport
Investor perspective
"We have known Jay, Waleed and the Transreport team for several years now and are thrilled to be backing them on their next stage of growth. We were initially struck by their mission to transform the travel experience for older and disabled people, who have historically encountered challenges to use public transport. Following significant growth, they are now supporting the whole of the UK rail network and we have seen first-hand the significant benefits this is making to users’ everyday lives. With the planned expansion into new territories and verticals, Transreport’s cutting-edge accessibility technology will reach a wider global audience whilst simultaneously creating operational efficiencies for the transport operators."
Mark Lyons
Investment Director, Puma Private Equity
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Fund research and development
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About the company
Transreport
Transreport develops accessibility technology to simplify travel for older and disabled passengers.