Total amount raised
$13.9 Million
Latest funding date
08/01/2020
Location
Trafi has successfully navigated four funding rounds, attracting investment from seven notable investors, including Octopus Investments and Aioi Nissay Dowa Insurance. The latest funding round was a Series B, further solidifying its position in the mobility-as-a-service sector.
As a platform dedicated to integrating complex transport networks, Trafi continues to support cities in reducing congestion and emissions through its multi-modal journey planning technology. Keep reading to explore the intricacies of Trafi's fundraising journey and the investors backing this innovative platform.
What Is Trafi?
Trafi, a mobility-as-a-service platform, is headquartered in Vilnius, Lithuania. The company operates in various sectors, including apps, car sharing, information technology, mobile, public transportation, ride sharing, software, transportation, and travel. Trafi has an employee count ranging from 101 to 250.
Specializing in multi-modal journey planning technology, Trafi aims to reduce congestion and emissions in cities. The company has been acquired by Enghouse Systems and is trusted by global cities like Berlin, Brussels, Munich, and Zurich for its comprehensive mobility solutions.
How Much Funding Has Trafi Raised?
- Seed Round
- Amount Raised: USD 400,000
- Date: October 2013
- Lead Investors: Practica Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch its initial mobility solutions.
- Series A Round
- Amount Raised: USD 6,500,000
- Date: May 2015
- Lead Investors: Octopus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its platform and enhance its technology.
- Series A Round
- Amount Raised: USD 7,000,000
- Date: May 2017
- Lead Investors: Octopus Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Aioi Nissay Dowa Insurance, Sumitomo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the strategy for innovative mobility solutions, focusing on Asia.
Total Amount Raised: USD 13,900,000
Current Valuation: Not publicly disclosed
Key Investors
- Aioi Nissay Dowa Insurance
- Details: Aioi Nissay Dowa Insurance is a leading Japanese insurance company, part of the MS&AD Insurance Group. They focus on providing a wide range of insurance products and services, including auto, property, and casualty insurance.
- Investment Focus Areas: Insurance, financial services, mobility solutions
- Notable Investments: Investments in insurtech startups and partnerships with technology companies to enhance mobility and insurance services
- Sumitomo
- Details: Sumitomo Corporation is a major Japanese conglomerate with diversified business interests. They operate in various sectors, including metal products, transportation, and real estate.
- Investment Focus Areas: Financial services, real estate, technology
- Notable Investments: Investments in various sectors including energy, infrastructure, and technology companies globally
- Octopus Investments
- Details: Octopus Investments is a UK-based investment firm specializing in early-stage and growth investments. They support innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, energy
- Notable Investments: Zoopla, Secret Escapes, SwiftKey
- Octopus Ventures
- Details: Octopus Ventures is the venture capital arm of Octopus Group, focusing on early-stage investments in technology-driven companies. They aim to support entrepreneurs in building successful businesses.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Depop, Cazoo, Graze
- Practica Capital
- Details: Practica Capital is a venture capital firm based in Lithuania, focusing on early-stage investments. They aim to support the growth of innovative startups in the Baltic region.
- Investment Focus Areas: Technology startups
- Notable Investments: Investments in Baltic and Lithuanian startups
What's Next for Trafi?
With its recent Series B funding, Trafi is poised to expand its innovative mobility solutions globally, particularly in Asia. The collaboration with SBB in Switzerland and plans to enter more European and international capitals in 2021 highlight the vast opportunities ahead. This expansion could significantly enhance urban mobility, making cities more sustainable and connected.
Future fundraising opportunities seem promising as Trafi continues to innovate and scale its operations. The growing interest in mobility-as-a-service (MaaS) solutions and sustainable urban transport could attract further investments. However, Trafi may face challenges such as competition from other mobility providers and regulatory hurdles in different markets.
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