South Africa’s WhereIsMyTransport Scoops $1.85m Funding as it Begins International Expansion
South African transport analytics company, WhereIsMyTransport, has closed a new $1.85 million funding round from Liil Ventures. The new funds come at a time when the London-based startup gets set to launch internationally.
WhereIsMyTransport to take on #India, Latin America after Liil Ventures' Series A investment. https://t.co/4eLnKAMq4A congrats to the #WIMT team as it continues to quietly democratize access to, & insights from, public #transport d…https://t.co/YnCn98BrNs https://t.co/xkegiIGHOj— EchoVC Partners (@EchoVC) January 11, 2019
WhereIsMyTransport is a data analytics company focusing on public transport sector. Founded in 2008, the startup gathers transport data from cities and integrates them to unto an open data platform. Using different technologies and processes, the platform captures network information for any mode including fares, frequencies, and journey duration.
#WhereIsMyTransport has received an investment of USD 1.85 million from Liil Ventures and Goodwell Investments as part of its Series A funding round, as the company expands its digital mapping of formal and informally run public transport networks into new emerging markets pic.twitter.com/7Ge4dHAZkg— bank·a·ble (@mbuguanjihia) January 10, 2019
Its platform provides useful data for both government and transit operators. Importantly too, its open platform enables third-party apps to provide commuters with real-time transport information.
WhereIsMyTransport allows for more efficient planning and regulation of mass transit systems by local governments. It also makes mass transportation more accessible, efficient and safe for the poor.
This is a fundamental urban development issue in emerging markets, but you can’t solve the problem if you cannot see the problem in the first place. We are building the definitive digital solution for sustainable urban mobility… the objective is to not only help governments move citizens around, but also to make it possible for citizens to move around safely, reliably and predictably.
The platform now houses data for more than a dozen major cities in Africa. Globally, it houses data for more than 30 major cities from emerging markets.
South African startup secures additional $1.85 million funding -South African startup secures additional $1.85 million funding.— ITNewsAfrica.com (@ITNewsAfrica) January 10, 2019
WhereIsMyTransport has received an investment of USD 1.85 million from… – https://t.co/4KB4sb2xrO pic.twitter.com/cOyzxpvPyr
Since its creation ten years ago, WhereIsMyTransport has been able to raise $5.8 million through three rounds of funding. However, the latest funding round is key to the company’s international expansion plans.
The company is on track to include more cities from India, South East Asia, and Latin America into its platform.
“We are delighted to welcome Liil Ventures to our global team, alongside trusted partner Goodwell Investments,” said Devin de Vries, CEO of WhereIsMyTransport. “Not only are we strategically aligned, Liil also brings significant go-to-market value in the Latin American market, and a complimentary portfolio including Cabify and What3Words,” he added.
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