Puma Private Equity invests in Transreport to grow Passenger Assistance app  

Transreport is an accessibility technology company. 

  • Pembroke VCT also participated in the funding round
  • Puma Private Equity provides growth capital to small and medium-sized UK businesses
  • The firm is based in London

Puma Private Equity has led a £10 million ($12.7 million; €11.6 million) investment round in Transreport, an accessibility technology company.

Transreport is based in London.

Pembroke VCT also participated in the funding round.

The investment will support the growth of Transreport’s Passenger Assistance technology app as it seeks to expand the reach of the system to more users and wider modes of transport and industries, according to a release.

The investment will also continue the company’s expansion into the aviation sector, the release added.

“We were initially struck by their mission to transform the travel experience for older and disabled people, who have historically struggled to use public transport,” said Mark Lyons, investment director, Puma Private Equity. “With the planned expansion into new territories and verticals, Transreport’s cutting-edge accessibility technology will reach a wider global audience whilst simultaneously creating operational efficiencies for the transport operators.”

London-based Puma Private Equity provides growth capital to small and medium-sized UK businesses.

Puma Private Equity’s advisers to the round include Charles Russell Speechlys, Cortus Transaction Services, Douglas Squirrel, Claritas Tax and Shoosmiths.