![]() By tapping into the billions of dollars of public infrastructure investment promised by US President Joe Biden, the company, which helps commuters find and use public transit, is well-positioned to benefit. In a round led by London-based venture capital firm 83North, Via, meanwhile, raised $110 million at a $3.5 billion valuation last month. Index Ventures, Balderton Capital, Benchmark Capital, Connect Ventures, and LocalGlobe were among its previous investors, according to its website. A crowdfunding campaign was launched the same year. Despite cities still being in and out of Coronavirus lockdowns and people traveling less, Citymapper lost £7.4 million ($8.9 million) in 2021. The terms of the deal were not disclosed.įor years, Citymapper has struggled to make money. ![]() There are over 50 million users of the app in more than 100 cities, Via said in a statement Thursday. Its clever interface and integration with real-time urban transport systems have made Citymapper a devoted following since it was founded in 2012. Citymapper Ltd., a popular navigation app, has been acquired by Via Transportation Inc., a New York-based software technology startup.
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