Via, the global leader in transportation technologies, announced that it has closed a funding round led by 83North, with participation from new and existing investors, including Exor NV , Pitango , Janus Henderson , CF Private Equity, Planven Entrepreneur Ventures , Riverpark Ventures and ION Crossover Partners. The round values Via at USD 3.5 billion, at the same price per share as the company’s previous funding in November 2021.
Via plans to use the funding to expand its product suite and further its vision of delivering cutting-edge digital infrastructure the tip for public mobility, a statement said.
The funding comes on the heels of a year of strong performance for Via, as cities and transit agencies around the world increasingly turn to digital solutions to improve the efficiency of their transport systems. The company ended 2022 ahead of schedule with annualized revenue exceeding $200 million, more than doubling since the previous funding round, the statement said.
Via’s transport technologies products are used by more than 600 communities around the world to expand access to efficient, equitable and sustainable public transport. The company’s technologies enable customers to design transit networks that are responsive and resilient to rapidly changing needs, operate intelligent multimodal transport systems, and use data to optimize performance—all on a single software platform, according to the statement.
“We’ve known Daniel, Oren and the team at Via for many years. Their ability to maintain rapid year-over-year growth and continue to innovate and serve their customers is unique,” said Arnon Dinur, partner at 83North . “We believe in the company and the category and are delighted to support Via in the future opportunities this funding will bring.”
“Via is a rare combination of a company making a profound impact on the communities it serves while generating exciting economies of scale,” said John Elkann, CEO of Exor NV “Daniel and his team are building a great company and, As majority shareholders, we are committed to supporting the company in this next phase of growth.”
“This funding is an exciting milestone for Via and a reflection of the power of technology to transform traffic in communities around the world,” said Daniel Ramot , co-founder and CEO of Via. “Transit access improves health, education and economic outcomes, and all of us at Via are inspired every day to see the positive impact our customers have achieved by adding technology to their transit networks. transportation over the past few years has been truly remarkable, and we are proud of the contributions we have made to creating and expanding the category.”
In support of its vision to be the operating system for all aspects of public mobility, Via intends to use the funding to accelerate expansion into new markets and segments and continue to invest in product innovation.
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