dark

Breaking News: South African mobility startup WhereIsMyTransport raises $14.5million for expansion

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. Wuri Ventures and Capria Ventures also participated investing $1.5m. This investment comes a year after the company raised a…
Breaking News: South African mobility startup WhereIsMyTransport raises $14.5million for expansion

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. Wuri Ventures and Capria Ventures also participated investing $1.5m. 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.

Its products are used by cities to coordinate and monitor services, operators to integrate their systems, and passengers, who access the platform through apps and endpoints connected to the WhereIsMyTransport platform. WhereIsMyTransport has been used to enrich Google Maps in Mexico and has helped the World Bank examine access to job opportunities via public transport in 12 African cities.

With this new investment, WhereIsMyTransport plans to continue its expansion across emerging markets, with a launch in Peru planned for later this year. It has already mapped 34 African cities and has over 100,000 users in Mexico.

“WhereIsMyTransport started in South Africa, focused on becoming a central source of accurate and reliable public transport data for high-growth markets. We’re thrilled to welcome Naspers as an investor as our journey continues in megacities across the majority of the world,” said CEO Devin de Vries.

Fabian Whate, head of Naspers Foundry, said WhereIsMyTransport had a strong track record of developing the best-in-class technology for improving the daily commutes of people across the world. 

“The mobility technology company is a great addition to the Naspers Foundry investment portfolio and we look forward to working with the WhereIsMyTransport team as they take their business to the next level,” he said.

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.

Get the most comprehensive roundup of technology news on the continent, delivered to your inbox every weekday at 7am WAT

Read this next

The Federal Government has indefinitely suspended the operations of Twitter in Nigeria. The Minister of Information and Culture, Alhaji Lai Mohammed, announced the suspension in a statement issued in Abuja on Friday, “citing the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence. “The Minister said the Federal Government […]

More From TC

Lai Mohammed

Nigeria’s House of Representatives on Tuesday passed a resolution to investigate the legality of the suspension of Twitter in the country. Announced on Friday, the controversial decision has stoked national conversations and attracted international criticism over the last few days.  The investigation by lawmakers represents the first major move by the legislative body on the […]

WhatsApp recently announced that it will not be limiting access to the features of the app for those who reject the new privacy policy and disagree to let it share its data with Facebook and other third-party companies. The initial deadline for the acceptance of its privacy policies was set to February 8, 2021, but […]

Moyosola Kara

I arrived at Moyosola’s home a few minutes after 9 am last Thursday. Our conversation took place over two plates of half English breakfast, two cups of coffee, and homemade fruit smoothies.  Moyosola Kara is the director of marketing and communications at Eze Wholesale – a YC-backed startup on a mission to simplify the wholesale […]

jack-dorsey-twitter

Social Media, The Next Wave

Next Wave: When tweeting becomes a crime A rare female tech CEO JUNE 6, 2021 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT Hello, When a partial or […]


Read More

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
Breaking News: The best communications managers are empathetic storytellers.

Breaking News: The best communications managers are empathetic storytellers.

Next Post
Breaking News: WhatsApp won’t restrict users who don’t agree to its privacy policy

Breaking News: WhatsApp won’t restrict users who don’t agree to its privacy policy

Related Posts
Breaking News: Gozem’s ride-hailing service goes live in Gabon, with Cameroon and DR Congo in view

Breaking News: Gozem’s ride-hailing service goes live in Gabon, with Cameroon and DR Congo in view

Is there a ride-hailing service in Gabon? Yes, Gozem just launched there this week. Founded in 2018 by Emeka Ajene and Raphael Dana, Gozem operates an app that offers transportation, logistics, e-commerce and financial services in primarily-francophone African countries.  Gozem is aiming to be the super app for Africa and is modelled after the success…
Read More