Atlys raises $36M
Atlys closed a $36 million Series C to scale global visa infrastructure — the round underlines strong investor appetite for travel fintech that simplifies cross‑border paperwork. (youtube.com) The funding comes as travel demand and corporate incentive travel show early signs of recovery, keeping visa friction squarely on investors’ radars. (x.com)
The round was led by Susquehanna Asia VC, with travel platform MakeMyTrip joining as a new strategic investor and existing backers Elevation Capital, Long Journey Ventures and Peak XV Partners participating. (business-standard.com) Atlys was founded by Mohak Nahta and the company lists its founding year as 2021. (businesswireindia.com) Nahta previously worked as an engineer at Pinterest, a background cited in coverage of the company’s earlier fundraising and product buildout. (economictimes.indiatimes.com) Since its prior financing the platform says it has processed nearly 450,000 visa applications and is operating at an annual run rate north of 700,000 applications. (travel.economictimes.indiatimes.com) Atlys reports that expansion into the UAE, United States, United Kingdom and Australia now accounts for roughly half of its business. (travel.economictimes.indiatimes.com) The company said the fresh capital will accelerate an AI roadmap focused on automated document verification, eligibility assessment and real‑time traveller support. (livemint.com) Atlys previously raised $20 million in a September 2024 Series B co‑led by Peak XV Partners and Elevation Capital, with participation from investors such as DST Global and Headline. (businesswireindia.com) The company markets enterprise tools that manage visa applications for up to 1,000 travellers from a single account and has been embedding third‑party services such as travel insurance through partnerships like the one with VisitorsCoverage. ( / )
