Investment

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

school.

 

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

schools money.

 

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

sector.