About Ajelo
Ajelo is a Transportation, Automotive & Logistics company based in Espoo (Finland) founded in 2010, and was acquired by Split in November 2014. On-demand shared minibus and taxi services are provided. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Mass Transit and Shuttle.
Company details
Ajelo is an on-demand shared minibus and taxi services provider. The minibus drives around and picks people up en-route to a destination with minimal detours, using the algorithms of the app. Ajelo was founded as a consortium with Helsinki Regional Transport (HSL), Aalto University, and the Finnish Transport Agency. The funding was provided by Tekes in 2011 for RD and Kutsuplus launched in October 2012. It was acquired by US-based Split in 2014.
Funding Insights of Ajelo
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Ajelo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2010 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Ajelo
Ajelo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Split and Startup Sauna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated via a 7-week program across diverse sectors. | startupsauna.com | Espoo, Finland | ||
Ride-sharing connections are facilitated at designated city pick-up spots. | 2014 | split.us |
Investor details for Ajelo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Ajelo
3 dated milestones of Ajelo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ajelo is founded.
- Funding First funding round.
- Exit Acquired by Split.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Ajelo
Ajelo was founded in 2010.
Ajelo is headquartered in Espoo, Finland.
Ajelo is an on-demand shared minibus and taxi services provider. The minibus drives around and picks people up en-route to a destination with minimal detours, using the algorithms of the app. Ajelo was founded as a consortium with Helsinki Regional Transport (HSL), Aalto University, and the Finnish Transport Agency. The funding was provided by Tekes in 2011 for RD and Kutsuplus launched in October 2012. It was acquired by US-based Split in 2014.
Ajelo has 2 investors. Key investors include Split, and Startup Sauna.
Yes. Ajelo was acquired by Split in November 2014.