TPG Backs Zum with $100 Million at $1.7 Billion Valuation
TPG has invested $100 million in student mobility firm Zum. The deal values the company at $1.7 billion as it expands its technology and school bus services.
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Private equity firm TPG INC has committed a $100 million investment to Zum, a student transportation technology provider, valuing the company at approximately $1.7 billion. This valuation marks an increase from the $1.3 billion valuation recorded during Zum's 2024 Series E funding round. The investment follows the company reaching breakeven adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
