SA’s WhereIsMyTransport raises further $800k

0

South Africa’s WhereIsMyTransport has raised a further GB£640,000 (US$810,000) in funding from Goodwell Investments and Bombardier, bringing its total fundraising this year to GB£1.2 million (US$1.52 million).

WhereIsMyTransport officially launched its formal and informal public transport mapping solution in mid-2016, on the back of a GB£1.165 million (US$1.536 million) seed round from Goodwell Investments, Omidyar Network and Horizon Ventures.

Disrupt Africa reported last week the Global Innovation Fund (GIF) announced it had made a GB£560,000 (US$712,000) investment in the startup, marking the Fund’s first investment in a South African company.

WhereIsMyTransport has now revealed a further GB£640,000 (US$810,000) has been secured from existing investor Goodwell Investments, joined by Canadian mobility solutions provider Bombardier.

This brings the startup’s total fundraising so far in 2017 to GB£1.2 million (US$1.52 million).

“We are delighted to welcome the Global Innovation Fund and Bombardier to the WhereIsMyTransport family. GIF’s focus on social innovation aligns with our own vision. Bombardier’s investment is evidence of the potential of our data and technologies in building the future of mobility, and the role of partnerships in making that happen. The continued support of Goodwell Investments is a vote of confidence in our vision,” said Devin de Vries, co-founder and chief executive officer (CEO) of WhereIsMyTransport.

The funds will be used to expand the WhereIsMyTransport public transport mapping solution to other cities around South Africa and across the continent.

The startup completed mapping Cape Town’s formal and informal public transport network in February this year; followed shortly thereafter by maps of Gaborone, Botswana, and East London, South Africa. Maps are also available for Durban, Port Elizabeth, and Bloemfontain.

Data from the Gauteng city region launches on the WhereIsMyTransport platform in August.

 

Share this Story

About Author

Inspired and excited by the African tech entrepreneurial scene, Gabriella spends her time travelling around the continent to report on the most innovative tech startups, the most active investors, and the latest trends emerging in the ecosystem.

Leave A Reply