# ModeShift

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

- Industry: Software
- Headquarters: Boston, US
- Website: www.modeshift.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Apr 22, 2022)
- Investors on record: 1

## About

Based in Massachusetts, US, and founded in 2017, Modeshift, Inc. provides small and middle-size transit agencies to provide intelligent transportation services. In April 2022, ModeShift raised USD 1.3 million in pre-series A funding from Urban Impact Ventures. As of 2022, Miroslav Katsarov is the CEO of the company and employs 40 people.

The company provides a product, which is an urban mobility infrastructure based on the Microsoft Azure cloud and delivered as a service (SaaS). The firm's products also include account-based fare collection, mobile ticketing, CAD/AVL, RTPI, validators, and analytics.
 
ModeShift helps transit agencies modernize their fare and data collection infrastructure, as well as their user-facing technology to provide sustainability-oriented service. The company also offers EMV® payments, which are supported by Visa, MasterCard, Amex, Discover, Appl? Pay, and Google Pay, are an alternative to cash that can be used for the essentials: at the grocery, in retail stores, pharmacies, fast food restaurants, etc.

## Funding rounds

- Seed, Apr 22, 2022, $1.3M — Urban Impact Ventures

## Investors

- Urban Impact Ventures (https://capitalatlas.ai/funds/urban-impact-ventures) — Seed