South African Transport Data Platform Raises $1.85M Series A Round For Global Expansion
A South African transport mobility platform founded by students of the University of Cape Town, WhereIsMyTransport has raised a $1.85 million Series A round of funding which will be used to expand the business globally.
Listen to GHOGH with Jamarlin Martin | Episode 24: Delane Parnell
Jamarlin talks to prodigy Delane Parnell, founder and CEO of high-school esports company PlayVS, which just raised a $15M series A round.
WhereIsMyTransport collects and analyzes in-depth data about formal and informal transport mobility which can be used to promote transport innovation by organizations in the private and public sectors.
The platform gives anyone the opportunity to build on the transport information or use it to develop software products such as
The platform recently completed its biggest data collection project to date in Mexico, collecting the world’s most complete dataset for integrated formal and informal public transport in the Mexico City metropolitan area, according to ITNewsAfrica.
It currently supports 30 cities in 10 countries in Africa and the Middle East.
Examples of ways the data could be used include planning future cities better, organizing public transport more efficiently or considering better routes for GPS firms to suggest to their users.
By 2017 more than 300 people and businesses had already signed up to work with the platform to develop their own products, according to Fin24.
The funding will be used to expand the platform’s digital mapping of formal and informal public transport networks into new emerging markets, including its first data collection projects in India, South East Asia and Latin America, according to Techfinancials.
Previous investments in the transport mobility platform
The successful investment follows two earlier rounds of funding.
The startup raised $1.5 million from the Global Innovation Fund (GIF), Goodwell Investments and Bombardier in 2017, building on a $1.5 million investment the previous year from Omidyar Network,
Those two seed rounds combined with an initial $770,000 angel round in 2015 and the most recent Series A investment mean that the company has raised $5.8 million over the last few years.