South African Mobility startup WhereIsMyTransport has raised a $14.5 million Sequence A extension round to continue its growth all the intention by emerging markets.
The round used to be led by Naspers Foundry, Cathay AfricInvest Innovation Fund and Japan’s SBI Funding. This investment comes a One year after the corporate raised a $7.5 million Sequence A round from traders in conjunction with Google and Toyota Tsusho. This brings the total raised by the corporate all the intention by its Sequence A funding to $22 million.
Fashioned in 2016, WhereIsMyTransport is a huge data platform that presents sustainable mobility solutions in emerging markets. It maps formal and informal public transport networks. The company then uses data obtained to toughen the public transport trip, making commutes safe and accessible.
Its products are passe by cities to coordinate and show screen companies, operators to combine their systems, and passengers, who entry the platform by apps and endpoints connected to the WhereIsMyTransport platform. WhereIsMyTransport has been passe to enrich Google Maps in Mexico and has helped the World Bank witness entry to job alternatives by process of public transport in 12 African cities.
With this new investment, WhereIsMyTransport plans to continue its growth all the intention by emerging markets, with a launch in Peru deliberate for later this One year. It has already mapped 34 African cities and has over 100,000 users in Mexico.
“WhereIsMyTransport started in South Africa, centered on changing into a central source of upright and legit public transport data for excessive-progress markets. We’re overjoyed to welcome Naspers as an investor as our slip continues in megacities all the intention by the massive majority of the arena,” stated CEO Devin de Vries.
Fabian Whate, head of Naspers Foundry, stated WhereIsMyTransport had a solid track file of increasing the most productive-in-class technology for bettering the each day commutes of of us all the intention by the arena.
“The mobility technology company is a gorgeous addition to the Naspers Foundry investment portfolio and we notion ahead to working with the WhereIsMyTransport crew as they hold their replace to the following level,” he stated.
Mobility in emerging markets by process of public transportation is in general a difficulty – it’s inefficient and time-ingesting. The worthwhile growth of WhereIsMyTransport would gash friction in the movement of of us and goods all the intention by Africa and other emerging markets.
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