# Optibus

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

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.optibus.com
- Total disclosed funding: $259M
- Latest round: Series D (May 16, 2022)
- Investors on record: 11

## About

Optibus Ltd., based in Israel, specializes in advanced software solutions that enhance public transportation operations through improved route planning, scheduling, and fleet management.Founded in 2011 in Tel Aviv-Yafo, Israel, Optibus develops a cloud-native platform aimed at optimizing public transport systems. The company's founders, Amos Haggiag and Eitan Yanovsky, have a background in technology and transportation. In May 2022, Optibus raised USD 100 mn in Series D funding from various investors, including State of Mind Ventures and Tencent Investment, bringing the total amount raised to USD 100 mn with a current valuation of USD 1.30 bn. The company has executed 5 total deals since inception.Optibus specializes in providing advanced software solutions aimed at enhancing public transportation operations. Their core offerings include a comprehensive cloud-native platform that facilitates route planning, scheduling, and rostering, allowing agencies and operators to analyze and optimize their transit networks effectively. The platform's capabilities extend to real-time fleet management, driver performance monitoring, and passenger communication enhancements, addressing critical challenges such as scheduling efficiency, driver satisfaction, and overall service quality. Optibus serves a diverse client base including public transportation agencies, cities, corporations, and universities primarily across North America, Europe, and Asia, aiming to boost ridership and community accessibility.Optibus generates revenue primarily through subscription-based models for its software solutions, targeting public transportation agencies and operators. Clients enter into agreements that provide them access to the platform's suite of tools, which may include options for tailored features and scalable solutions based on organizational needs. Transactions typically involve annual or multi-year contracts where clients receive ongoing support, updates, and training, maximizing the utility of the platform. The structure of these partnerships varies based on the client size and specific transit challenges, with larger agencies potentially engaging in more extensive integrations and custom solutions.In May 2022, Optibus Ltd. raised USD 100 mn in Series D funding, which will be utilized to expand into new products and services while advancing its vision of a holistic software platform. The funding aims to support initiatives for enhancing capabilities and optimizing public transit operations further. The company is targeting expansion into new geographic markets, although specific regions have not been mentioned.

## Funding rounds

- Series D, May 16, 2022, $100M — Pitango, Insight Partners, Bessemer Venture Partners, Volvo Group Venture Capital, Tencent Investment, Verizon Ventures, State of Mind Ventures
- Series C, Mar 10, 2021, $107M — Pitango, Insight Partners, Bessemer Venture Partners, Verizon Ventures, New Era Capital Partners, Dynamic Loop Capital, BlueRed Partners
- Series B, Dec 12, 2018, $40M — Pitango, Insight Partners, Alibaba Group, Verizon Ventures, New Era Capital Partners
- Series A, Nov 7, 2017, $12M — Pitango, Verizon Ventures

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Series A, Series B, Series C, Series D
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series A, Series B, Series C, Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C, Series D
- Alibaba Group — Series B
- New Era Capital Partners (https://capitalatlas.ai/funds/new-era-capital-partners) — Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series D
- Dynamic Loop Capital (https://capitalatlas.ai/funds/dynamic-loop-capital) — Series C
- BlueRed Partners (https://capitalatlas.ai/funds/bluered-partners) — Series C
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series D
- Tencent Investment — Series D
- State of Mind Ventures (https://capitalatlas.ai/funds/state-of-mind-ventures) — Series D