South African Mobility startup WhereIsMyTransport has raised a $14.5 million

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South African Mobility startup WhereIsMyTransport has raised a $14.5 million

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 South African mobility startup WhereIsMyTransport has raised a $14.5 million Series A extension round to continue its expansion across emerging markets.

The round was led by Naspers Foundry, Cathay AfricInvest Innovation Fund and Japan’s SBI Investment. This investment comes a year after the company raised a $7.5 million Series A round from investors including Google and Toyota Tsusho. This brings the total raised by the company during its Series A funding to $22 million.

Formed in 2016, WhereIsMyTransport is a big data platform that provides sustainable mobility solutions in emerging markets. It maps formal and informal public transport networks. The company then uses data obtained to improve the public transport experience, making commutes safe and accessible.

Why it matters: Mobility in emerging markets via public transportation is often a hassle – it’s inefficient and time-consuming. The successful expansion of WhereIsMyTransport would reduce friction in the movement of people and goods across Africa and other emerging markets.

Read more: South African mobility startup WhereIsMyTransport raises $14.5million for expansion


 

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