Ride-sharing startups may be red hot, but what about public transportation? And what about good, old-fashioned walking?
Urban transportation tracker Citymapper just racked up a fresh $10 million to keep helping people take advantage of public transit, sidewalks, and everything in between. Balderton Capital led the round — Connect Ventures, Index Ventures, Greylock Partners, and a host of angels also chipped in.
Citymapper got its start with bus riders and eventually evolved into the all-encompassing transport app that it is today. Today, its apps provide real-time information about public transit, road disruptions, weather details, and anything else urban travelers could need to make it from point A to point B.
“We believe cities are complicated. And your mobile should save you from the everyday challenges of living in them,” the company says on its website.
“We’re motivated by solving hard fundamental everyday problems that improve the quality of people’s lives. We like simplifying complexity, reinventing user experience, working with data, shipping fast, and humanizing a serious space.”
In a blog post, Balderton Capital partner Bernard Liautaud commented that crowdsourcing (Waze-style) could be in Citymapper’s future.
“We also see a major opportunity in crowdsourcing data to provide real-time information on disruptions and journey times, for which the company already receives a stack of feedback from its users every day,” he said.
Other transit apps, such as Moovit and Apple-owned HopStop, have already started to leverage crowdsourcing, showing that the idea has legs.
Last year, crowdsourcing had a huge victory when Google acquired Israel-based navigation app Waze for $966 million.
Citymapper is currently only available in New York, Paris, London, and Berlin, but it is actively seeking user input as to where they should launch next.
The company is based in London, and this is its first found of funding.
Greylock Partners is one of the oldest venture capital firms, founded in 1965, with committed capital of over $2 billion under management. The firm focuses on early stage companies in the consumer, enterprise software and infrastructur... read more »
Index Ventures is a leading venture capital firm active in technology, biotech and clean tech venture investing since 1996. The firm is dedicated to helping entrepreneurial teams in the Information Technology and Life Science sectors b... read more »
Balderton Capital is the leading venture investor in the EU. Balderton has a track record of helping entrepreneurs build substantial businesses – with more $250m+ exits in the past five years than any other European venture firm.
Ba... read more »
Citymapper Limited develop mobile applications. They design applications for both the Android and iOS users. Bus Mapper Pro is the ultimate transport app for London.... read more »
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