Kolors closes $26 million financing

Kolors is an intercity bus network service provider in Mexico, dedicated to providing users with a smart bus platform that combines air services and ride-sharing technology to run an intercity bus network. Recently completed a $26 million financing, including a $20 million Series A financing. This round of financing was led by UP.Partners, and other participating institutions include Toyota Ventures, Maniv Mobility, K5 Global, Mazapil, Tuesday Capital, Garret Camp’s Expa, Chris Sacca’s Lowercase, Moving Capital, MVG, Brainstorm Ventures, Bling Capital and Amplifica. Most of the financing will be used to improve the company’s technical backend, while the funds will be used to expand the company’s business in Mexico and parts of the United States, and expand into other Latin American countries.

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