[Nairobi, February 26th, 2024] — BuuPass, Kenya’s leading digital bus ticketing platform, is thrilled to announce a groundbreaking investment from Tim Draper, a global icon in venture capital and a fervent supporter of entrepreneurship and innovation. This investment marks Draper’s third venture in Africa and signifies a monumental leap towards BuuPass’s vision of becoming a unicorn in the transportation sector. BuuPass secured this investment from Tim Draper as part of its participation in the Meet the Drapers reality TV show.
About Tim Draper:
Tim Draper is the founder of Draper Associates, DFJ, and the Draper Venture Network. He has funded a remarkable array of successful companies including Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, and Hotmail, among others. A prominent advocate for Bitcoin and decentralization, Draper has been a pivotal figure in the cryptocurrency space, with investments in over 50 crypto companies. His accolades include being named “Entrepreneur of the World” by the World Entrepreneurship Forum and ranking among the top 100 most powerful people in finance by Worth Magazine.
Key Highlights:
- Strategic Investment: BuuPass has secured a significant investment from Tim Draper, reflecting his confidence in the company’s potential to revolutionize Africa’s transportation landscape.
- Visionary Partnership: Draper’s expertise and global network will provide BuuPass with unparalleled opportunities for growth and innovation.
- Accelerating Growth: The investment will fuel BuuPass’s mission to digitize the
$100 billion long-distance transport market in Africa, enhancing its B2B2C
full-stack marketplace that connects transport companies with online ticketing platforms.
- Impressive Traction: BuuPass has already made significant strides, selling over 16 million travel tickets and generating over $100 million in GMV, with a presence in East and Southern Africa with routes across more than 15 countries.
Sonia Kabra, co-founder of BuuPass, expressed her excitement about the investment, stating, “Securing investment from Tim Draper is a monumental milestone for BuuPass. His belief in our vision and potential is a huge vote of confidence. This partnership brings us closer to our goal of seamless movement of people and goods across Africa, and it’s a significant step towards achieving our dream of becoming a unicorn in the transportation sector.”
Tim Draper also shared his enthusiasm, saying, “BuuPass has shown incredible promise in transforming the transportation industry in Africa. I am excited to be part of this journey and look forward to seeing BuuPass drive innovation and connectivity across the continent.”
BuuPass is poised for an exciting phase of growth and innovation, with the backing of one of Silicon Valley’s most influential figures. The company is committed to leveraging this investment to expand its reach, enhance its technology, and continue its mission of revolutionizing transportation in Africa.
For media inquiries, please visit BuuPass’s website.
