BusPatrol has declared a substantial investment for growth from GI Data Infrastructure. This funding will empower BusPatrol to expand quickly and diversify its product offerings in the public safety sector, further solidifying its leading position in the industry. GI Partners is now a collaborator with FIT Ventures as an investor in BusPatrol.
Founded in 2017, BusPatrol is the leader in school bus safety solutions. BusPatrol partners with school districts, law enforcement agencies, and municipalities to deter illegal and dangerous passes of stopped school buses. BusPatrol provides partners with best-in-class technology that modernizes school bus fleets, including a fully turnkey platform for capturing and processing violations. Beyond stop-arm enforcement, BusPatrol also offers school districts cloud-connected internal cameras and telematics data, so schools are empowered with the technology they need to ensure their students a safe journey to and from school.
Brendan Scollans, Managing Director and Co-Head of the Data Infrastructure Strategy, and Jerry Stapp, Managing Director from GI Partners said, “BusPatrol is now embedded in over 20,000 school buses across 16 states, providing a critical public service focused on child safety. School buses represent the largest fleet of municipal infrastructure in the Country, and we are excited about the significant growth trajectory ahead given the Company’s leading market position and the compelling proposition for school districts. Karoon and the rest of the leadership team have a clear vision, and we look forward to partnering with them to build on BusPatrol’s extensive track record.”
As a result of the investment from GI Partners, BusPatrol has significant capital to deliver its safety solutions to additional school districts across the country and to enhance its industry leading offering.
Karoon Monfared, Chief Executive Officer at BusPatrol, said, “GI Partners’ meaningful investment is a testament to our differentiated offering, our operational excellence, and most importantly, our customer impact. As a GI Partners portfolio company, we have a significant opportunity in front of us to grow additional market share and to expand into new and exciting verticals. We’re thrilled to embark on this new chapter and to have GI as a partner.”
FIT Ventures has been a significant investor and equityholder in BusPatrol since 2017 and remains committed to the long-term vision and growth strategy of the business.
“Watching BusPatrol establish its first-mover advantage as the largest player in school bus stop-arm safety and becoming the only turnkey, full-fleet solution offered in the industry has been impressive. Investing in high-growth companies with a differentiated approach is core to our mission, and BusPatrol is a prime example. GI Partners shares this belief, and we are delighted to be working with them to accelerate BusPatrol’s leading position,” said Sam Pai from FIT Ventures.
Learn more about BusPatrol, school bus safety technology provider and infrastructure firm GI Partners.
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