# Transit App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transit-app

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.transitapp.com
- Total disclosed funding: $23M
- Latest round: Series B (Nov 5, 2018)
- Investors on record: 6

## About

Transit App, Inc. is a technology company specializing in urban transportation solutions, providing users with real-time public transit information through a comprehensive mobile application.Founded in 2013 in Montreal, Canada, Transit App, Inc. develops mobile applications that enhance public transit navigation. The company has engaged in five funding rounds, with the most recent being a Series B round in November 2018, raising USD 17.5 mn led by Alliance Venture and other investors including Accel and Real Ventures. Sam Vermette is the founder and has a background in technology ventures.Transit offers a comprehensive mobile application designed to facilitate urban transportation for users navigating public transit systems. The core product provides real-time data on nearby transportation options, including buses, subways, and bikeshare programs, allowing users to view local transit schedules without the need for extensive searches. The app also incorporates a feature called 'GO crowdsourcing,' enabling users to share real-time information regarding transit conditions, such as delays or service changes, thereby enhancing the overall commuting experience. The service aims to address the unpredictability of public transit systems by providing immediate feedback and information directly from users, improving operational efficiency in collaboration with transit agencies. Transit operates in over 900 cities globally, including major markets like New York, Chicago, London, and Toronto, targeting a diverse user base that includes daily commuters, occasional travelers, and transit agencies seeking to improve service delivery.Transit generates revenue through a combination of subscription services and partnerships with transit agencies. The app is free for general users, but it also offers premium features through a subscription model named 'Royale,' enhancing user experience with advanced functionalities. The firm collaborates with transit agencies to provide tailored solutions that can include branding opportunities, fare purchasing capabilities, and localized data management. Revenue from these partnerships is structured around service agreements, allowing Transit to maintain a focus on developing new features rather than relying on traditional advertising. Through these channels, the company establishes meaningful relationships with both end-users and transit authorities, reinforcing its commitment to enhancing public transit usage and satisfaction.The recent Series B funding round raised USD 17.5 mn in November 2018 will support Transit App, Inc.'s growth initiatives, which include the development of new features and expansion into additional urban markets. The company aims to enhance its application offerings and improve user experience, with strategic plans for market penetration in regions with developing public transit infrastructure over the next few years.

## Funding rounds

- Series B, Nov 5, 2018, $18M — Accel, Alliance Venture, Real Ventures, InMotion Ventures
- Series A, Sep 25, 2017, $5M — Accel, BDC Capital, Real Ventures, Accomplice

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Real Ventures — Series A, Series B
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Series A
- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Series B
- InMotion Ventures (https://capitalatlas.ai/funds/inmotion-ventures) — Series B