Transit nabs $17.5 mln in Alliance Ventures-led Series B round
Transit, a Montréal-based transportation mobile app company, has raised $17.5 million in a Series B financing. The round was led by Alliance Ventures, the venture capital arm of Paris-based automotive alliance Renault-Nissan-Mitsubishi. It was joined by InMotion Ventures and existing investors Accel Partners and Real Ventures, which participated in last year's $5 million Series A round. Alliance Direct Investment Director Christian Noske will join the board. Founded in 2013 by CEO Sam Vermette and CTO Guillaume Campagna, Transit's platform enables multi-modal transportation, integrating public transit, ride-hailing, bike-sharing and scooter-sharing. It currently services more than 175 urban areas worldwide.
5 November 2018•5 mins read
