We’re pleased to announce the completion a $115 million funding round to continue rolling-out our ground travel software platform for businesses worldwide.
The additional $15 million is an extension of the $100M round announced in June 2020 to accommodate interest from new investor Pelham Capital Investments Ltd. and Gett’s existing investors. The proceeds will be used to further accelerate the development of the SaaS platform and the company’s global expansion.
Gett brings the fragmented world of ride-hailing companies and corporate fleets together on one platform, optimising our clients’ corporate ground travel needs, from booking and riding to invoicing and analytics, saving corporates both time and money while increasing employee satisfaction.
Dave Waiser, Gett Chief Executive Officer, said: “We are on a journey to transform corporate ground travel and I’m delighted that investors find our model attractive. This investment will allow us to further develop our SaaS technology and deepen our proposition within the corporate ground travel market (both travel-related and local ones).
“It has been an incredibly difficult period for the travel sector but we are pleased to have finished 2020 operationally profitable and on budget.”
Amos Genish, Gett Chairman, added: “This funding round was oversubscribed, which shows the market’s interest in our platform and long term vision. Gett is disrupting and transforming a fragmented market delivering ever-critical cost optimisation and client satisfaction.
“There are clear parallels between Gett and GDS companies like Amadeus or Sabre Group, which improved travel booking experience in the highly fragmented air travel sector twenty years ago; and Booking.com, which transformed the hotel industry’s supply market. Gett is following the same, proven business model to solve fragmented supply in ground transportation for Corporates.”