# RideCo

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

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.rideco.com
- Total disclosed funding: $20M
- Latest round: Series A (Feb 17, 2022)
- Investors on record: 1

## About

Based in Ontario, Canada, and founded in 2013 by CEO Prem Gururajan, and Matthew Monteyne, RideCo Inc. operates as an on-demand transit technology and services company that partners with municipalities, local fleet operators, and public transportation agencies to operate on-demand transit services for alleviating riders’ pain points, such as low service frequency, lengthy walking distance, long travel times, and more. In February 2022, RideCo Inc. raised USD 20 million in a Series A funding led by Eclipse Ventures. As of February 2022, the company employs about 70 employees.

RideCo Inc. provides an on-demand transit software to solve multi-faceted transit challenges faced by both private companies as well as public agencies. The company’s solutions include low-density area mobility, first-last-mile, underperforming bus routes, paratransit, employee commuting, and long-distance commuting to improve passenger experience, higher transit ridership, and lower cost per ride. In addition, the company’s platform utilizes a mobile application to connect riders with transportation services, such as taxis or shuttles services, and link them with other riders leaving at the same time and picking them up along the route.

The company plans to use its proceeds from February 2022 funding to build and scale its transit platform and accelerate its innovation in product engineering and customer support.

## Funding rounds

- Series A, Feb 17, 2022, $20M — Eclipse Ventures

## Investors

- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A