Via announced it has closed a financing round led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners, according to the company's news release.
The round values Via at $3.5 billion, at the same price per share as the company’s previous financing in November of 2021.
Via said it intends to use the funding to expand its product suite and further its vision of providing the end-to-end digital infrastructure for public mobility.
“This financing is an exciting milestone for Via and a reflection of the power that technology has to transform transit in communities around the world,” said Daniel Ramot, Via co-founder/CEO. “Access to transit 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. The growth of the TransitTech market in recent years has been truly remarkable, and we are proud of the contributions we have made to create and expand the category.”
Via ended 2022 with annualized revenue run rate surpassing $200 million, more than doubling since the previous financing round.
Via’s TransitTech products are used by more than 600 communities around the globe to expand access to efficient, equitable, and sustainable public transportation.
The company’s technology enables customers to plan transit networks that are responsive, to operate smart multi-modal transportation systems, and to use data to optimize performance in one software platform.