Monday, July 22, 2024
HomeFunding Lorton-based BusPatrol Secures an Strategic Growth Investment

[Funding alert] Lorton-based BusPatrol Secures an Strategic Growth Investment

Lorton-based BusPatrol secures an strategic growth Investment from GI Data Infrastructure.

Lorton-based BusPatrol secures an strategic growth Investment from GI Data Infrastructure.

This investment will enable BusPatrol to continue to rapidly scale and diversify products within the public safety space, building on its industry-leading position. GI Partners joins FIT Ventures as investors in BusPatrol.

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Founded in 2017, BusPatrol is the leader in school bus safety solutions. BusPatrol partners with school districts, law enforcement agencies, and municipalities to deter illegal and dangerous passes of stopped school buses. BusPatrol provides partners with best-in-class technology that modernizes school bus fleets, including a fully turnkey platform for capturing and processing violations.

Brendan Scollans, Managing Director and Co-Head of the Data Infrastructure Strategy, and Jerry Stapp, Managing Director from GI Partners said, “BusPatrol is now embedded in over 20,000 school buses across 16 states, providing a critical public service focused on child safety. School buses represent the largest fleet of municipal infrastructure in the Country, and we are excited about the significant growth trajectory ahead given the Company’s leading market position and the compelling proposition for school districts. Karoon and the rest of the leadership team have a clear vision, and we look forward to partnering with them to build on BusPatrol’s extensive track record.”

As a result of the investment from GI Partners, BusPatrol has significant capital to deliver its safety solutions to additional school districts across the country and to enhance its industry leading offering.

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Karoon Monfared, Chief Executive Officer at BusPatrol, said, “GI Partners’ meaningful investment is a testament to our differentiated offering, our operational excellence, and most importantly, our customer impact. As a GI Partners portfolio company, we have a significant opportunity in front of us to grow additional market share and to expand into new and exciting verticals. We’re thrilled to embark on this new chapter and to have GI as a partner.”

Sam Pai from FIT Ventures said, “Watching BusPatrol establish its first-mover advantage as the largest player in school bus stop-arm safety and becoming the only turnkey, full-fleet solution offered in the industry has been impressive. Investing in high-growth companies with a differentiated approach is core to our mission, and BusPatrol is a prime example. GI Partners shares this belief, and we are delighted to be working with them to accelerate BusPatrol’s leading position,”.

About BusPatrol

BusPatrol is a safety technology company with the mission of making the journey to and from school safer for the 27 million children who step onboard a school bus each day.

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BusPatrol’s safety programs create a culture of responsibility around illegal passes. BusPatrol’s equity first approach protects every child on every bus in its partner communities while modernizing fleets with the latest cutting-edge safety technology.

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