Exeter-based sustainable travel business STAXY has secured equity funding from the British Business Bank’s South West Investment Fund, via appointed Fund Manager, The FSE Group. The investment is part of a wider funding round that includes participation from Angel Investors Bristol.
The funding will support STAXY as it accelerates through its early growth phase, secures key commercial contracts, and further develops its proprietary technology ahead of a subsequent funding round.
Founded in 2020 by friends from the University of Exeter and University of Bath, STAXY is reshaping how people travel across sport, events, business and education. The AI-driven business was born out of a desire to make travel to events more affordable, convenient, safe and sustainable, with an initial focus on the sports sector. The company’s flagship solution is already in use with Aston Villa F.C., and a new partnership is due to launch with the University of Manchester this month.
The sporting world is increasingly under pressure to introduce measures to improve sustainability. Football alone accounts for 30 million tonnes of annual carbon emissions globally, and across major sporting events fan travel represents the single largest contributor to their environmental impact.
STAXY is tackling this challenge head-on with a smart travel platform that integrates directly into club apps and websites, giving fans access to cost-effective, green, and convenient travel options, while providing sports clubs and event organisers with invaluable data to help them create smarter, more sustainable travel strategies.
STAXY’s platform uses GPS and motion data from mobile devices, enhanced by Machine Learning, to provide clubs and event organisers with actionable travel insights. A bespoke sustainability dashboard delivers metrics on emissions, travel patterns, distance and cost, enabling better planning, accountability, and measurable progress towards net-zero goals.
