Total amount raised
$19.2 Million
Latest funding date
5/1/2021
Location
Via has successfully raised funding through nine rounds, with the latest being a Venture - Series Unknown round. The company is backed by 32 investors, including notable names like Pitango VC and Common Fund.
Keep reading to explore the intricacies of Via's fundraising journey and the investors backing this innovative platform.
What Is Via?
Via, based in New York, New York, is a transport company that offers public mobility solutions for transit agencies, school districts, cities, and corporations. Founded in an unspecified year, the company operates in various sectors including logistics, mobile apps, real-time services, ride-sharing, and transportation.
With a workforce of 501-1000 employees, Via is dedicated to reimagining public transit through innovative software and operational solutions. Their offerings include Microtransit, Paratransit, Student Transit, Remix Planning & Scheduling, Citymapper for cities, Corporate and Campus Shuttles, Health Transportation, and Via Strategies and Consulting.
How Much Funding Has Via Raised?
- Series A
- Amount Raised: USD 10,064,136
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial product offerings.
- Series B
- Amount Raised: USD 27,000,000
- Date: April 2015
- Lead Investors: Pitango VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and improve technology infrastructure.
- Series C
- Amount Raised: USD 100,000,000
- Date: May 2016
- Lead Investors: Pitango VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: USD 250,000,000
- Date: September 2017
- Lead Investors: Mercedes-Benz Group AG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their technology and expand globally.
- Series E
- Amount Raised: USD 200,000,000
- Date: March 2020
- Lead Investors: EXOR N.V.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their product suite and expand into new verticals.
- Series Unknown
- Amount Raised: USD 59,999,975
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series G
- Amount Raised: USD 130,000,000
- Date: November 2021
- Lead Investors: Janus Henderson Investors
- Valuation at Round: USD 3.5 billion
- Motivation Behind the Round: To double their annual revenue run-rate and expand their product line.
- Series Unknown
- Amount Raised: USD 110,000,000
- Date: February 2023
- Lead Investors: 83North
- Valuation at Round: USD 3.5 billion
- Motivation Behind the Round: To expand their TransitTech portfolio and enhance their digital infrastructure.
Total Amount Raised: USD 886,064,111. Current Valuation: USD 3.5 billion.
Key Investors
- 83North
- Details: 83North is a venture capital firm that invests in European and Israeli entrepreneurs. They focus on technology companies across various stages.
- Investment Focus Areas: Technology, software, internet companies.
- Notable Investments: Just Eat, iZettle, Wolt.
- Exor N.V.
- Details: Exor N.V. is a diversified holding company controlled by the Agnelli family. They have a broad investment portfolio including automotive, media, and technology sectors.
- Investment Focus Areas: Automotive, media, financial services.
- Notable Investments: Ferrari, The Economist, PartnerRe.
- Pitango
- Details: Pitango is an Israeli venture capital firm. They invest in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, healthcare, life sciences.
- Notable Investments: Via, Taboola, AppsFlyer.
- Janus Henderson
- Details: Janus Henderson is a global asset management firm. They offer diverse investment strategies across various sectors.
- Investment Focus Areas: Equities, fixed income, alternative investments.
- Notable Investments: Various public and private companies across multiple sectors.
- CF Private Equity
- Details: CF Private Equity is a private equity firm. They focus on growth-stage companies across various industries.
- Investment Focus Areas: Growth-stage companies, various sectors including technology and healthcare.
- Notable Investments: Not specified.
What's Next for Via?
Via's future is brimming with opportunities as it continues to expand its digital infrastructure for urban transportation. With its technology already in use in over 600 communities across more than 35 countries, the company is poised to enhance public transportation systems globally. The recent $110 million funding round, valuing Via at $3.5 billion, will be instrumental in developing new functionalities such as street mapping, parking management, and electric vehicle fleet management.
As Via looks to the future, further fundraising opportunities are likely to arise, driven by the increasing demand for efficient and sustainable transit solutions. The company's strong performance, with an annual revenue run-rate surpassing $200 million, positions it well for continued investor interest. However, challenges such as convincing city planners to adopt new technologies and navigating regulatory environments in different regions may pose hurdles along the way.
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