South African public transport data and technology startup WhereIsMyTransport has secured US$1.85 million as part of its Series A funding round led by Liil Ventures and including existing investor Goodwell Investments.
Formed in 2016, WhereIsMyTransport connects and collects data in emerging cities, integrating this information on its open data platform.
Its products are then used by cities to coordinate and monitor services, operators to integrate their systems and optimise service, and passengers who access the platform through apps and endpoints connected to the WhereIsMyTransport platform.
This investment has been secured as WhereIsMyTransport expands its digital mapping of formal and informal public transport networks into new emerging markets, including its first data collection projects in India and Latin America. Data for more than 30 major cities in emerging markets is now available on its integrated mobility data platform.
With the expansion into the Latin American market, facilitated by Liil Ventures, the company wrapped up 2018 with its biggest data collection project to date – collecting the world’s most complete dataset for integrated formal and informal public transport in the Mexico City metropolitan area.
“We are delighted to welcome Liil Ventures to our global team, alongside trusted partner Goodwell Investments. Liil is an investor experienced in our sector and a loud advocate for our market-leading technology. Not only are we strategically aligned, but Liil also brings significant go-to-market value in the Latin American market, and a complementary portfolio including Cabify and What3Words,” said Devin de Vries, co-founder and chief executive officer (CEO) at WhereIsMyTransport.
Nadim Matuk Villazón, investment principal at Liil Ventures, said the investment firm was excited to back the startup and keep supporting resilience in emerging cities around the globe with reliable mobility data and technology.
“WhereIsMyTransport is a promising team of global urban innovators that help governments in emerging markets to improve public transport networks and invest in better mobility services for everyone,” Villazón said.
- How to Manage Employee Hours Without the Hassle - 12/14/2024
- New Report Reveals Potential of Harnessing AI Innovations To Create a Thriving Labour Market for Africa’s Youth - 12/05/2024
- New Report Calls For Inflation-adjusted Compensation and Improved Training Support to Retain Talent in Nigeria’s Finance Sector - 12/03/2024