Wednesday, February 21, 2018

Moovit Lands $50M

Tel Aviv- and San Francisco-based Moovit, which develops a transit application which helps users plan their public transit trips, has raised $50M in a Series D funding round, the company said today. The funding was led by Intel Capital, and also included Sequoia Ventures, BMW iVentures, NGP, Ashton Kutcher's Sound Ventures, BRM, Gemini, Vaizra, Vintage, and Hanaco. Moovit says it is now providing information to more than 120 illion users across more than 2,000 cities, in 80 countries. Moovit is led by CEO Nir Erez. More information »