🦄 Unicorner Startup of the Week: BusRight
✍️ Notes from the Editors
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Given today’s startup, a question about school buses: how many of you actually rode on a school bus to get to school? We’re convinced it’s less common than it seems. For reference, neither of us rode on a bus, but that might just be an LA phenomenon.
To bus or not to bus |
School bus management
BusRight is building software for school bus management. Its solution is aiming to improve the current system with improvements for school administrators, students, and their parents through a diverse set of features. These include bus tracking through a mobile app, proprietary routing technology, driver navigation, and more.
🔗 Check it out: busright.com
💰 Business Model
The company works directly with school administrators to bring its software to schools.
📈 Traction and Fundraising
Raised $7 million Series A led by Las Olas Venture Capital, with participation from Ubiquity Ventures, Underscore VC, SilverCircle, Long Journey Ventures, Creative Co Capital, Automotive Ventures, and Alumni Ventures
Has customers in 23 states and saw revenue grow by 700% in 2022
👫 Founders
Keith Corso, CEO: Previously Core Member @ Underscore VC, EiR @ The Michael J. and Ann Sherman Center for Engineering Entrepreneurship Education, Investment Analyst @ MassMutual Ventures, Finance and Financial Management Services @ Northeastern University
Phil Dunn, CPO: Previously Chief Information Officer @ Broward County Public Schools, CIO @ Greenwich Public Schools, CIO @ Stamford Public Schools, JD @ Seton Hall Law, Quantitative Methodolgy MA @ Columbia, Applied Math and Statistics @ Cornell
Chris Fischer: Previously TA @ UPenn, Software Engineering Intern @ Robinhood, UFirst Fellow @ Underscore VC, CS @ UPenn
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💼 Opportunities
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🔮 Our Analysis
School buses are ubiquitous. However, the time and talent to manage school buses is not. BusRight is solving this problem by bringing tech to bus management, a space that still sees administrators routing buses with pen and paper. However, the company is going a couple of steps further than this innovation and is building a solution that consolidates multiple features in one. These features, found in the description, are aimed at not just optimizing the day-to-day of administrators, but at helping students and parents as well. Seeing just how far ahead BusRight is than the status quo and its undeniable value proposition, we can see a road to Unicorn-ness ahead.
📚 Further Reading
Written by the editors
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⏪ Unicorner Rewind
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