# Buseet Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buseet

- Industry: Internet
- Headquarters: Cairo, Egypt
- Website: www.buseet.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Apr 25, 2019)
- Investors on record: 3

## About

Buseet Corporation is a technology-driven company specializing in innovative transportation solutions, aiming to enhance urban mobility through its user-friendly platform and services.Buseet Corporation focuses on providing efficient transportation solutions through a digital platform that connects users with transit options. The company is headquartered in Cairo, Egypt, and was founded by Amr Elsawy, who has a background in technology and entrepreneurship. In April 2019, Buseet Corporation raised USD 1.5 million in Seed funding, led by Global Ventures, with participation from 500 Global. This funding marked a pivotal moment for the company as it sought to expand its operational capabilities.Buseet Corporation specializes in digital transportation solutions, offering a platform that connects users with various transportation options in urban areas. The services provided cater to both commuters and transportation providers, streamlining the process of securing rides and managing transit operations. The platform emphasizes user convenience and accessibility, thereby enhancing the overall commuting experience.Buseet Corporation generates revenue through its transportation services, whereby users engage with the platform to book rides and access transit solutions. The revenue model focuses on transaction fees collected from rides booked through the app, fostering ongoing user engagement and satisfaction, which is crucial for financial sustainability.Buseet Corporation is strategizing for future growth by focusing on the expansion of its services into new urban markets across the Middle East and North Africa region by 2025. The recent Seed funding of USD 1.5 million will be utilized to enhance platform features and expand marketing efforts to attract new users. Furthermore, the company aims to develop new product offerings that cater to the evolving needs of urban commuters, with new features expected to launch by the end of 2024.

## Funding rounds

- Seed, Apr 25, 2019, $1.5M — 500 Global, Global Ventures
- Seed, Sep 25, 2018 — 500 Global, Acasia

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Acasia (https://capitalatlas.ai/funds/acasia) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed