Transport startup Citymapper raises $40M Series B

Transport startup Citymapper raises $40M Series B

SHARE

London-based urban transport startup Citymapper has just raised a $40M Series B round, led by Index Ventures and Benchmark Capital

UK: London-based urban transport startup Citymapper has just raised a $40M Series B round, led by Index Ventures and Benchmark Capital. Along with announcing the funding, the company also detailed its plans for the future. Citymapper wants to use the funds to continue its mission of making cities easier to use by making it easy for city-dwellers to figure out different transit options of getting from point A to point B quickly.

The company plans to rewrite its route planning algorithm to make it more real-time (using the actual state of the network at any minute, including disruptions), more human (tuned to what we really do in cities, personal and customizable), and more multimodal (mixing up modes including non-transit).

In April 2014, Citymapper had raised a $10 million Series A round led by Balderton Capital. The company used that fund to expand from mere four cities to 30 cities around the world. Now, with its eyes sit on an even bigger empire, Citymapper will be hiring “in every significant metro city in world”.

Source: Medium