Two years after announcing it had been awarded $2.5 million in venture capital funding, BusRight has now secured even more.

Today, the company announced a $7 million Series A funding round led by Las Olas Venture Capital. Additional participating investors include prior round lead Ubiquity Ventures, as well as Underscore VC, Long Journey Ventures, SilverCircle, Automotive Ventures, Alumni Ventures, CreativeCo Capital, and several prominent angel investors.

BusRight plans to use the capital to double employee headcount, accelerate product development, and expand its customer base among U.S. K-12 education transportation systems. Founding Partner at Las Olas Venture Capital, Mark Volchek, will also join the company’s board of directors.

BusRight’s proprietary technology includes routing software, real-time GPS, dynamic driver navigation via military-grade tablets, and a bus tracking app for parents. Instead of interfacing with multiple vendors to tackle routing, location and communication, BusRight said it provides one centralized platform and a personal concierge for every customer, which empowers school administrators to focus less on transportation and more on education.

Since its inception, BusRight has experienced rapid growth and customer adoption, including:

• Secured paying customers across 23 states, including Native American reservations such as Navajo Nation in Arizona and military bases in upstate New York.
• Grew revenue more than 700% in 2022 alone.
• Maintained less than 1.3% in customer churn.
• Completed average sales cycle of ~30 days.
• Welcomed thousands of parents to the platform.

“Our country’s school bus fleet is two and a half times bigger than all other forms of mass transportation combined, yet most directors of transportation still rely on pen and paper to plan and manage their routes,” said Keith Corso, co-founder and CEO at BusRight. “With traditional navigation designed only for cars and drivers prohibited from using mobile phones, routes must be memorized, which burdens drivers and offers little insight into where students are. We founded BusRight to make the very difficult job of school administrators, student transportation leaders, and drivers a lot more manageable, and provide much-needed clarity on the whereabouts of our most precious cargo: children.”

"As the former CIO of one of the largest school districts in the country, I saw first-hand the inefficiencies our school bus system faces," said Phil Dunn, co-founder and chief product officer. “BusRight promotes equity, connectedness, and improves the overall experience of schooling. The technology not only improves the operational efficiency of districts, but also instills a sense of confidence in their leadership because parents have visibility into their children's transportation.”