# Teleport

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

- Industry: Software
- Headquarters: New York, US
- Website: www.teleport.xyz
- Total disclosed funding: $9M
- Latest round: Seed (Oct 27, 2022)
- Investors on record: 6

## About

Based in New York, US, and founded in 2022, Decentralized Engineering Corp., doing business as Teleport operates as a software company that provides travel-related software for ridesharing. In October 2022, Teleport raised USD 9 million in seed funding co-led by Capital and Road Capital Management, with participation from other 305 Ventures, etc. 

Teleport is a blockchain-based app that operates on cryptocurrency. It allows riders to pay with a credit card or the USDC stablecoin, while drivers can be paid directly into their bank accounts or with USDC stablecoins.

The company plans to use the October 2022 funding to expand it's rideshare protocol or TRIP and its existing platform.

## Funding rounds

- Seed, Oct 27, 2022, $9M — Foundation Capital, Thursday Ventures, 6th Man Ventures, Road Capital Management, 305 Ventures, Common Metal

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Thursday Ventures (https://capitalatlas.ai/funds/thursday-ventures) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Road Capital Management (https://capitalatlas.ai/funds/road-capital-management) — Seed
- 305 Ventures (https://capitalatlas.ai/funds/305-ventures) — Seed
- Common Metal (https://capitalatlas.ai/funds/common-metal) — Seed