Total amount raised
$13.9 Millions
Latest funding date
08/01/2020
Location
Trafi has successfully raised funds through multiple rounds, with the last one being a Series B round closed on August 15, 2020. The company has been backed by seven investors, including Octopus Investments and Aioi Nissay Dowa Insurance.
Keep reading to explore the intricacies of Trafi's fundraising journey and the investors backing this innovative platform.
What Is Trafi?
Trafi, founded on September 1, 2013, is a mobility-as-a-service platform headquartered in Vilnius, Lithuania. The company was established by Algimantas Krasauskas, Dr. Jurgis Pasukonis, Mantas Vizbaras, and Martynas Gudonavicius.
Specializing in integrating complex transport networks, Trafi works with cities and companies worldwide to provide multimodal mobility solutions. Their platform helps reduce congestion and emissions by connecting various mobility options into a single journey planning system.
With a team of 101-250 employees, Trafi collaborates with major clients like Google, Apple, and Lyft, and has deployments in cities such as Berlin, Munich, and Zurich.
How Much Funding Has Trafi Raised?
- Seed Round
- Amount Raised: $400K
- Date: October 2013
- Lead Investors: Practica Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial public transport application using real-time data and scientific algorithms.
- Series A Round
- Amount Raised: $6.5M
- Date: May 2015
- Lead Investors: Octopus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their platform and enhance their mobility solutions for better integration with city transport networks.
- Series A Round
- Amount Raised: $7M
- Date: May 2017
- Lead Investors: Octopus Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale their operations and enter new markets, particularly in Europe.
- Series B Round
- Amount Raised: Not disclosed
- Date: August 2020
- Lead Investors: Sumitomo Corporation, Aioi Nissay Dowa Insurance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate their strategy to bring innovative mobility solutions to cities worldwide, with a particular focus on Asia.
Total Amount Raised: $13.9M
Current Valuation: Not publicly disclosed
Key Investors
Major Investors in Trafi:
- Aioi Nissay Dowa Insurance
- Details: Aioi Nissay Dowa Insurance is a Japanese insurance company that is part of the MS&AD Insurance Group. They focus on providing a wide range of insurance products and services.
- Investment Focus Areas: Insurance, financial services.
- Notable Investments: Not explicitly mentioned.
- Sumitomo Corporation
- Details: Sumitomo Corporation is a large Japanese corporate involved in various sectors including metal products, transportation, and construction systems. They have a global presence and diversified business operations.
- Investment Focus Areas: Metal products, transportation, construction systems.
- Notable Investments: Energy, infrastructure, transportation.
- Octopus Investments
- Details: Octopus Investments is a UK-based investment firm that focuses on early-stage and growth investments across various sectors. They aim to support innovative companies with high growth potential.
- Investment Focus Areas: Healthcare, energy, technology.
- Notable Investments: Zoopla, Secret Escapes, Graze.
- Octopus Ventures
- Details: Octopus Ventures is a venture capital firm that is part of Octopus Group. They invest in early-stage companies with a focus on technology and innovation.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Not explicitly mentioned.
- Practica Capital
- Details: Practica Capital is a venture capital firm based in Lithuania. They focus on investing in early-stage companies in the Baltic region.
- Investment Focus Areas: Early-stage companies, Baltic region.
- Notable Investments: Not explicitly mentioned.
What's Next for Trafi?
With the recent Series B funding, Trafi is poised to expand its mobility-as-a-service solutions globally, particularly targeting the Asian market. This expansion presents significant growth opportunities, leveraging partnerships with international entities like SBB in Switzerland.
Future fundraising efforts are likely as Trafi continues to innovate and scale its operations. Collaborations with major corporations could open new avenues for investment, supporting their ambitious growth plans.
However, Trafi may face challenges such as competition from other mobility service providers and regulatory hurdles in different regions. Ensuring the scalability and reliability of their technology will be crucial as they enter new markets.
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