Fundz

Kyte secured $250M in asset-backed debt with Barclays and Waterfall to scale fleet.

PRIVATEMar 18, 2024

Amount Raised

$250 Million

Round Type

Funding Round

San FranciscoConsumer GoodsTransportation

Investors

Waterfall Asset ManagementBarclays Bank

Description

Kyte announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management to accelerate the company's fleet growth and profitability. The transaction will refinance and upsize Kyte's inaugural asset-backed facility, which closed in March 2022, generating significantly improved economics and structural efficiencies.

Quick answer

Kyte raised $250 Million in a Funding Round round, dated March 18, 2024. Investors: Waterfall Asset Management and Barclays Bank. Kyte is based in San Francisco, California, United States.

How much did Kyte raise?
Kyte raised $250 Million in a Funding Round round on March 18, 2024.
Who invested in Kyte?
Waterfall Asset Management and Barclays Bank are named as investors in this round.
What does Kyte do?
At Kyte, we’re reimagining transportation and bringing the cities back to the people.
Where is Kyte based and how big is it?
Kyte is based in San Francisco, California, United States.
Who are the decision-makers at Kyte?
Fundz holds 1 contact at Kyte, including the Vice President Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Consumer Goods and Transportation around the same time

Companies in the same sectors as Kyte that raised within 45 days of this round, from Fundz verified event records.

  • Regent Craft raised an undisclosed amount (Corporate Round) on March 11, 2024.
  • Motional raised $923M (Funding Round) on May 2, 2024.
  • Portal Space Systems raised an undisclosed amount (Funding Round) on April 30, 2024.
  • SafeBase raised $33M (Series B) on April 30, 2024.
  • Pipedream raised $13M (Seed) on April 24, 2024.
  • LetsTransport raised $22M (Funding Round) on April 24, 2024.

Who to call at Kyte, and when

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Company Information

Company

Kyte

Location

San Francisco, California, United States

About

At Kyte, we’re reimagining transportation and bringing the cities back to the people. We are dedicated to finding the perfect balance of technological and operational excellence, all while ensuring a seamless and magical customer experience. Our ridiculously ambitious team is trailblazing a new category of transportation. Within this, we’ve cultivated a values-first culture, with a team empowered to be bold, be humble, and take ownership. We are a global team made up of incredibly talented individuals that love to be challenged and have fun together! We are hiring across several departments - in San Francisco, Munich, or remote. https://jobs.lever.co/drivekyte Kyte’s Founding Story Nikolaus, Francesco and Ludwig formed a joint vision of a better and more efficient transportation system in the Bay Area in mid 2018 after they all had come over from Germany on very different routes. They shared a passion for transportation and had all dedicated their careers to different elements of the transportation landscape: Nikolaus was a machine learning engineer at Uber and Uber Eats. Francesco built consumer apps for BMW car sharing. Ludwig worked with Auto Manufacturers on preparing them for the future of mobility at McKinsey. Kyte is going after an incredibly large existing market that is characterized by poor experiences and inefficient attempts that don’t solve the one important customer need - convenience. Through technology we are able to achieve an unparalleled level of convenience.

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Fundz sees it the moment Kyte raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsDave A., Vice President Finance hidden hidden hiddenSee plans and pricing
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Kyte raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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