Atlys raises $36M led by Susquehanna Asia VC
Susquehanna Asia VC leads the round as the company scales internationally and builds AI-driven tools to simplify visa applications.
Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia VC, as the visa-processing startup looks to expand its international footprint and deepen its use of artificial intelligence to streamline cross-border travel.
Existing investors Elevation Capital, Long Journey Ventures and Peak XV Partners participated in the round, while online travel platform MakeMyTrip joined as a new investor.
The funding comes as international travel rebounds and demand grows for tools that simplify the often complex visa application process. Founded in 2021 by Mohak Nahta, Atlys operates a digital platform that allows travellers to discover visa requirements, submit applications and track approvals across more than 120 destinations.
The company said it has processed nearly 450,000 visas since its previous funding round and is currently operating at a run rate of more than 700,000 visa applications annually, reflecting rapid growth as more travellers look for digital alternatives to traditional visa services.
Atlys has expanded its operations beyond its early markets to include the U.S., U.K., the United Arab Emirates and Australia, which now account for nearly half of its business.
The fresh capital will be used to enter new international markets and accelerate the company’s AI-driven automation of visa workflows, including document verification, eligibility assessment and real-time traveller support.
Investors say digitising visa applications could unlock a larger infrastructure opportunity around global mobility. “For millions of travellers, the visa is the first gate to international travel,” said Sai Araveti, investment adviser at Susquehanna Asia VC, adding that automation could make cross-border travel more predictable while creating a data layer around traveller identity and eligibility.
The startup’s growth mirrors a broader recovery in global tourism. International tourist arrivals reached 1.4 billion in 2024, returning to pre-pandemic levels.
Prior to the latest round, Atlys had raised several rounds of venture funding as investors bet on technology-led solutions to simplify visa processing. The company raised a Series B round in 2024 led by Peak XV Partners and Elevation Capital, following a Series A round in 2023 from the same investors. Earlier backers include Andreessen Horowitz and South Park Commons, which supported the company during its seed stage.