03/02/2020
Viselio lands €2.8M in funding for expansion, software development
Automated visa service provider Viselio has raised 3 million Swiss francs (about €2.8 million) to expand into new markets.
EquityPitcher is leading the Series A all-equity round, with participation from Howzat Partners, existing backer Innuvik Ventures and other angel investors. The Switzerland-based startup, which previously raised $800,000 in 2018, simplifies visa application processes with software.
Since its launch in 2017, Viselio has expanded to seven European markets and now offers visa procurement for 83 countries.
Niklas Zeller, founder and managing director, says: “That leading startup investors believe in our team and the business idea of Viselio absolutely vindicates the path we have chosen.”
“We are very pleased that we will soon be able to offer and expand our services in more countries.”
In addition to getting into new markets, the company says the funding will be used for development and integration of its software into various accounting systems.
The deal includes the addition of two new administrative board members: Rolf Schafroth (formerly on the executive committee of Kuoni Reisen) and Sascha Horrig of EquityPitcher.
“Viselio solves a real, existing problem that currently still makes the booking of journeys unnecessarily complicated,” says Horrig.
Further information at: www.phocuswire.com/viselio-2m-series-a