Atlys, a visa processing startup, has closed a $36 million Sequence C funding spherical led by Susquehanna Asia VC.
Present buyers embrace Elevation Capital, Lengthy Journey Ventures, and Peak XV Companions, participated within the spherical. Journey platform MakeMyTrip joined the corporate’s cap desk as a brand new investor.
“We’re at the moment on a 700K+ annual visa run fee, and as rising incomes drive a surge in international journey and cross-border experiences, the dimensions of the chance forward is important,” stated Mohak Nahta, founder and chief government at Atlys.
Actually, 2025 was the second consecutive 12 months of worldwide journey progress, with international arrivals rising 4% and exceeding pre-pandemic highs, totalling roughly 1.52 billion, based on knowledge from UN Tourism.
The quantity displays a return to pre-pandemic progress traits, nearer to the 5% common annual improve between 2009 and 2019. Africa confirmed the strongest progress at 8%, adopted by Asia Pacific (6%), Europe (4%), Center East (3%), and the Americas (1%).
The startup plans to deploy the brand new capital to enter further worldwide markets. The corporate has expanded its international presence since 2024 to incorporate the UAE, the US, the UK, and Australia—markets that now collectively account for almost half of the corporate’s enterprise. The corporate’s $20 million Sequence B spherical in 2024 was co-led by Peak XV and Elevation Capital at a time when tourism was seeing a post-pandemic resurgence.
As well as, Atlys plans to speed up its synthetic intelligence highway map to make the visa lifecycle smoother—from doc verification and eligibility checks to real-time traveller help.
Based in 2021, the corporate raised its seed spherical from Andreessen Horowitz and is a digital-first platform that permits travellers to find, apply for and handle visas throughout 120+ locations.
Sai Araveti, funding advisor to Susquehanna Asia VC, stated the corporate’s knowledge layer units it aside. “By automating purposes, bettering approval outcomes, and bringing transparency to timelines, Atlys is making cross-border journey considerably extra dependable.”
Susquehanna Asia VC is the Southeast Asian and Indian enterprise capital arm of the Susquehanna Worldwide Group of Firms, a worldwide proprietary buying and selling and funding agency based within the US in 1987.
By way of the Group’s Chinese language and Southeast Asian company enterprise funds, the agency has invested in over 350 firms throughout enterprise and shopper expertise over the past 18 years.
A few of its portfolio firms embrace Agora, Bytedance, Kumu, Inshorts, Lentra, Cell Premier League, Wakefit, Musical.ly, Paidy, PayMaya and RedDoorz.