# Masabi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/masabi

- Industry: Software
- Headquarters: London, UK
- Website: www.masabi.com
- Total disclosed funding: $26M
- Latest round: Series B (Apr 30, 2019)
- Investors on record: 3

## About

Based in London, UK, and founded in 2001, Masabi Ltd operates as a developer of cloud-based, multi-fare ticketing solutions for the transport sector. In February 2022, Masabi Ltd raised GBP 30 million of growth funding led by new investor Accel-KKR, with participation from returning investors Shell (China) Limited and Smedvig Capital.

The company's platform, Justride, facilitates the use of a variety of fare media including mobile tickets, contactless credit cards, smartcard, paper barcodes, etc. Tickets are sold via branded applications, web portals or SDKs integrated into 3rd party services which are all linked together through the Justride back office.

## Funding rounds

- Series B, Apr 30, 2019, $20M — Smedvig Capital, MMC Ventures
- Series B, Oct 25, 2011, $4M — AGC Equity Partners
- Series A, Aug 16, 2010, $2.2M — AGC Equity Partners

## Investors

- AGC Equity Partners (https://capitalatlas.ai/funds/agc-equity-partners) — Series A, Series B
- Smedvig Capital (https://capitalatlas.ai/funds/smedvig-capital) — Series B
- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series B