RidePal Secures $500,000 Seed Round to Expand Innovative Commute-bus Service throughout Silicon Valley
Investors include 500 Startups, Amicus Capital and Orbitz’s Jeff Clark
RidePal Inc., a leading provider of turnkey commute-bus services powered by web and smartphone applications, announced today the company has raised $500,000 in seed-round funding. Investors participating in the round include 500 Startups, Amicus Capital and Jeff Clarke, Chairman of Orbitz Worldwide.
RidePal’s solution, commonly known as “Google Shuttle for the rest of us”, is targeted at companies looking to offer high-quality commute solutions for their employees as a recruitment and retention tool. The service is currently active in the Bay Area but soon looking to expand to other metro areas across the U.S.
Membership with RidePal continues to build, with the company recently surpassing 500 registered riders in the Bay Area. Riders currently access the service via corporate accounts tied to their employers, although RidePal soon plans to roll out a portal for individual Riders to sign up directly on RidePal’s website with individual accounts. The seed funding will allow RidePal to scale beyond the 15 routes currently offered between San Francisco and several cities in the south bay, peninsula, and east bay.
“Commuting is a fact of life for many in Silicon Valley, but also a huge cause of stress, both for employees and recruiters looking to attract great talent. RidePal offers Bay Area companies a new solution in the local talent war,” said Nathalie Criou, CEO of RidePal. “With this funding, we’re excited to scale up our team and add several new routes, providing many more people access to a commute experience they’ll love.”