Transit announces $5 million Series A backed by Accel, Accomplice, Real Ventures, and BDC


Transit app, the largest public transportation app in North America, announced in a Medium post yesterday that they have secured a $5 million Series A round.

The app, which announced an Uber integration back in May, was founded in 2012 and was part of the Summer 2013 FounderFuel cohort. Their app uses more real-time data than anyone else, including Google Maps and Apple Maps. Rather than requiring users to enter a destination to find departure times, Transit displays nearby arrival and departure times automatically.

The round was led by Accel and backed by Accomplice, Real Ventures and the Business Development Bank of Canada.

“We’re now the official app of some of North America’s biggest transit agencies. And we’re the most popular (unofficial) app for most of the others. Like New York City, where more people will use our app today than request an Uber,” the company wrote in the blog post.

Transit now supports more than 130 cities and has millions of users.

“For the past year we’ve been laser-focused on two things: improving data quality so we become the most trusted source of information, and making it easier for users to discover, compare and combine services across multiple modes,” Sam Vermette, Co-founder and CEO of Transit told MTLinTECH. “There has been strong alignment since the last round on this approach. The funding is going to help us accelerate both of these core mandates.”

More broadly speaking, our investors recognize how quickly urban transportation is evolving and appreciate how important our relationship is with millions of commuters.

Transit currently has 30 employees in Montreal, but with the new funding plans to scale up to 40-50 positions. Interested parties can check out new job openings here.

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