Dealflow | November 8, 2018

Impact investors back U.S. transportation data startup Knock Software

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, November 7 – Portland, Ore.-based Knock Software has raised $2.6 million for its Ride Report app that city bike riders use to track routes and distance traveled. The company then sells data to cities and partners with municipal planners on transport infrastructure and planning projects.

Ride Report is currently used by 20 cities, including Portland, which uses it to track seasonal bike routes and for other projects.

Knock Software, which launched in 2013, raised its latest slug of funding from San Francisco venture fund Homebrew and impact investors Better Ventures and Urban Innovation Fund.

Better Ventures is a Sustainable Development Goal-aligned venture fund that invests in pre-seed and seed stage startups. Urban Innovation Fund invests in tech companies solving urban growth challenges via a city startup fund it raised earlier this year.

The two investors have jointly backed other startups before, like Oakland, Calif.-based BookNook, which makes a digital teaching tool for school teachers.