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

Sponsored by:

Discover the Top Travel Brands on Social Media

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

How Airlines and Airports Will Use Tech to Boost Retail
Norwegian Air CEO Uses Annual Report to Attack Critics and Alliances
Four Seasons Has Its Own Jet Now for Its High-End Tours
How to Find the ‘Holistic Traveler’ Trapped in Your Data

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.