ZŪM, an Uber-like rideshare company designed specifically for schoolchildren, has raised $40 million in a Series C round led by BMW i Ventures, Sequoia and Spark. Volvo Cars Tech Fund, NGP Capital and Draper Nexus also participated.
Founded in 2015 by a working mother of two, Zūm is a platform that helps schedule rides and transport children to school, soccer practice, piano lessons and anywhere else they’re trying to go. Families can schedule one-time or recurring rides for their child or as part of a carpool. The idea is that working parents don’t have to miss meetings or take time off for their kids’ appointments and pickups.
To date, the Redwood City, Calif.-based company has raised $66.8 million and transported 750,000 children to more than 2,000 schools. The app currently services the San Francisco Bay Area, San Diego, Los Angeles and Orange County, Calif. It will soon be available in Dallas and Chicago metro areas as well.
