Digital

Social Transit App Moovit Raises $28 Million to Collect Public Transit Data

Excerpt from TechCrunch

Dec 18, 2013 1:00 pm

Skift Take

This brings Moovit’s total funding to $31.5 million with investors viewing it as the next Waze, a social crowdsourced collection of data that could one day prove highly valuable to Google Maps or competitors.

— Samantha Shankman

Get the Latest Intelligence on the Travel Industry


Social transit app Moovit is announcing a massive round of funding this morning, closing a $28 million round led by Sequoia Capital, with participation from its existing investors BRM Group and Gemini Israel Ventures.

In the same way Waze was able to crowdsource traffic data, Moovit has been able to be the social destination to find data around public transit. Moovit, which launched in 2012, offers Android and iOS apps that gives users data around when the next bus or subway or train or ferry (any public transport) is due to arrive in real-time.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

5 Aviation Trends We’re Tracking at Skift This Week
5 Digital Trends We’re Tracking at Skift This Week
6 Hospitality Trends We’re Tracking at Skift This Week
Top 3 Destination ‘Must Haves’ for Chinese Travelers

We're the Moneyball of the Travel Industry

We know what's coming next in travel. Subscribe to the newsletter and get all the goodness in your inbox daily.