Online visa application platform Atlys has raised $12 million from Sequoia Capital and Accel Partners, two sources aware of the development told Entrackr. This marks the startup’s first funding round in 2023.
As per sources, the company will use the fresh investments to build out its team and expand its coverage in India and other countries.
With this, Atlys will have raised over $16 million across two rounds. It previously scored $4.25 million in a seed round led by Andreessen Horowitz (a16z) in October 2021. The seed round also saw the participation of Pinterest co-founders Ben Silbermann and Evan Sharp.
Responding to Entrackr’s queries, Accel has denied that there has been any talks with Atlys for investment. Queries sent to Atlys and Sequoia did not elicit an immediate response. We will update the story in case they respond.
Mohak Nahta, a former Pinterest engineer, started Atlys to solve all visa-related problems in quick time. As per its website, Atlys has facilitated over 120,000 visa applications, covering over 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa.
Atlys makes it easier for users to submit applications, leveraging phone cameras to scan documents, and more. Additionally, Atlys provides step-by-step guidance throughout the entire process.
Atlys’ mobile app also simplifies other travel-related processes, such as helping track appointments, taking passport photos at home, and securely storing travel documents and information for future use.
Atlys competes with Gurugram-based Visa2Fly, which raised $414,000 in a pre-seed round led by ODX (On Deck) last year. Visa2Fly has also partnered with SpiceJet, Ixigo, and many other travel firms to further boost distribution and reach.