What is Moovit?
Moovit operates an urban mobility app that aggregates real-time data from public transit operators and its user community to provide travelers with the best route options. Headquartered in Ness Ziona, Israel, the company has established itself as a crucial player in the MaaS ecosystem, bridging the gap between public transportation and individual mobility needs. Its comprehensive approach to urban transit information positions it as a vital tool for city dwellers and transit authorities alike.
How much funding has Moovit raised?
Moovit has raised a total of $131.5M across 4 funding rounds:
Series A
$3.5M
Series B
$28M
Series C
$50M
Series D
$50M
Series A (2010): $3.5M with participation from Gemini Israel Ventures and BRM Group
Series B (2013): $28M led by Gemini Israel Ventures, Steamboat Ventures, and BRM Group
Series C (2014): $50M supported by Vaizra Investments, Steamboat Ventures, Nokia Growth Partners, and Keolis
Series D (2018): $50M featuring NGP Capital, Hanaco Venture Capital, Vintage Investment Partners, Sound Ventures, BMW, Steamboat Ventures, Intel Capital, and Gemini Israel Ventures
Key Investors in Moovit
Gemini Israel Ventures
Gemini Israel Ventures is a private investment firm focused on the middle market, providing equity and debt capital across various sectors including technology. They have a history of investing in established companies with strong growth potential.
Steamboat Ventures
Steamboat Ventures invests in early to growth stage companies within the technology, media, and consumer sectors, aiming to help young companies become market leaders and create lasting value.
Nokia Growth Partners
Nokia Growth Partners, now NGP Capital, is a venture capital firm that supports founders in transforming innovative ideas into impactful companies, focusing on early-stage B2B companies driving the convergence of physical and digital worlds.
What's next for Moovit?
The substantial enterprise-level funding and recent strategic investment signal a strong trajectory for Moovit. As a key component of Intel's mobility strategy, Moovit is poised to further integrate its MaaS solutions into broader transportation networks. Future developments are likely to focus on expanding its service offerings, enhancing data analytics for urban planning, and deepening its partnerships with transit agencies and automotive manufacturers. The company's ongoing innovation in real-time transit data and route optimization will be critical in shaping the future of urban transportation.
See full Moovit company page
