November 22nd 2017 – London: The ‘EdTech’ transport specialist CoachHire.com has
secured multi-million pound funding from Souter Investments, the family investment office of
Stagecoach co-founder and Chairman Sir Brian Souter.
The deal, worth £3.75m, secures investment for CoachHire.com to roll out its cutting-edge
suite of apps for drivers, parents & school staff to safeguard pupils on their way to and from
Its flagship SchoolSafe software uses tracking and travel technology to alert parents when
their child boards their school coach and where they are while onboard.
The investment will enable CoachHire.com to accelerate the development and rollout of its
technology to make the school run safer and smoother than ever; saving parents time and
CoachHire.com managing director and founder, Mathew Hassell, said: “We’re pleased that
Souter Investments share our vision and see the potential in CoachHire.com. We’re
dedicated to improving the safety, usability and value for money of school transport services
and we now have the backing to realise these ambitions for schools across the country.”
Founded in 2011, CoachHire.com provides technology-led passenger transport services,
vehicle tracking and passenger safeguarding solutions to the education, corporate and
leisure sectors nationwide through its SchoolSafe and TripBooker software.
Parents can download a SchoolSafe smartphone app, which allows them to track their
child’s vehicle on a map and receive notifications in case of any traffic disruptions and
delays. It even alerts them when their child boards and alights their school bus.
CoachHire.com’s education tech packages have led the company’s recent growth, with the
business’s annualised revenues exceeding £7m this year.
The firm is on track to turn over more than £10m next year and has ambitious plans to add
over 60 new schools to its customer base and create 50 new jobs in 2018.
John Berthinussen, Investment Director at Souter Investments said: “CoachHire.com
represents an exciting opportunity for Souter Investments to support a fast growing, dynamic
and innovative business with a highly entrepreneurial and passionate management team.
We look forward to supporting Mathew and his team for the next phase of growth.”
CoachHire.com is also a managed transport service provider for the corporate sector, and
an online broker of bus, coach, minibus and other travel and vehicle hire for the leisure