Atlys Raises $36M Series C from Susquehanna Asia VC

Comprehensive Summarization:

Atlys, a visa processing startup, has successfully closed a $36 million Series C funding round led by Susquehanna Asia VC. Existing investors, including Elevation Capital, Long Journey Ventures, and Peak XV Partners, participated in the round, with MakeMyTrip joining as a new investor. The company is currently handling over 700,000 visa applications annually, with Mohak Nahta, the founder and CEO, noting that the scale of the opportunity ahead is significant due to rising incomes driving global travel and cross-border experiences. The article also highlights that 2025 marked the second consecutive year of international travel growth, with global arrivals reaching 1.52 billion, a 4% increase, surpassing pre-pandemic highs. This growth is attributed to a return to pre-pandemic trends, with Africa showing the strongest growth at 8%, followed by Asia Pacific (6%), Europe (4%), and the Middle East (3%).

Key Points:

1. Atlys secured a $36 million Series C funding round led by Susquehanna Asia VC, with participation from Elevation Capital, Long Journey Ventures, Peak XV Partners, and MakeMyTrip.
2. The company processes over 700,000 visa applications annually, reflecting a significant opportunity in the travel and visa processing sector.
3. Global travel and cross-border experiences are on the rise, with international arrivals reaching 1.52 billion in 2025, marking a 4% increase and surpassing pre-pandemic levels.
4. Africa demonstrated the strongest growth in international travel at 8%, followed by Asia Pacific (6%), Europe (4%), and the Middle East (3%).

Actionable Takeaways:

• Investment Opportunities in Visa Processing Technology: The significant funding round for Atlys underscores the growing importance and potential of visa processing technology in the travel industry. Investors are recognizing the value of streamlining visa applications to support the surge in global travel, making it a promising area for further investment.

• Focus on Emerging Markets: The strong growth in Africa (8%) highlights the untapped potential in emerging markets. Travel startups and fintech companies should consider expanding their services to these regions to capitalize on the rising demand for visa processing and related services.

• Leverage Data-Driven Insights: With global travel exceeding pre-pandemic highs, there is an opportunity for travel tech companies to leverage data analytics to better understand travel trends and preferences. This can inform targeted marketing strategies, improve customer experiences, and drive innovation in visa processing and travel services.

Contextual Insights:

The article reflects the current state of the travel industry, characterized by a strong rebound in international travel post-pandemic. The data-driven insights provided, such as the 4% growth in global arrivals and the leading growth in Africa, underscore the resilience and dynamism of the sector. The emphasis on emerging markets like Africa suggests a shift in travel patterns, driven by rising incomes and a return to pre-pandemic travel trends. For travel startups and fintech innovators, this context presents a clear opportunity to innovate in visa processing and related services, catering to the growing demand from travelers worldwide. The involvement of established investors like MakeMyTrip further validates the potential of this sector, signaling a favorable environment for investment and growth in travel technology.

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