Atlys, an online visa application provider, has secured $12 million in a Series A round led by Elevation Capital and Peak XV Partners (formerly Sequoia Capital India). Existing investors, including Pinterest Founders, South Park Commons, Musical Duo Chainsmokers, Andreessen Horowitz (a16z), and others, participated in the round.
According to a statement from Atlys, the funds raised will be used to expand the platform’s product offerings for travellers, attract new clients, and hire.
The company has now processed more than 250,000 visas. “By leveraging over a million data points, we’re able to predict when you’re going to get a visa, reduce visa rejection rates,” said Mohak Nahta, Founder of Atlys, in a statement.
It seeks to address many other problems associated with international travel, such as travel insurance, remittance, and credit for travel.
In 2021, Atlys has already raised a $5 million seed round. With this latest round included, the company has raised $17.25 million.
“Our partnership with Mohak represents a significant step towards Atlys’ efforts to streamline global mobility. Their strategy to offer a new age visa service that’s economical, risk-free and data-driven will encourage quicker adoption of newer, more efficient procedures,” said Mayank Khanduja, Partner, Elevation Capital.
