Dealflow | March 3, 2019

Remix secures $15 million to improve city transit

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, March 3 – Transportation planning startup Remix has raised $15 million in a Series B funding round to help cities improve the coordination and efficiency of transit services. The company’s round was led by Energy Impact Partners, a utility-backed investment fund for infrastructure tech companies. Sequoia Capital, an existing investor, also participated.

As city populations swell worldwide, startups have jumped into the transportation game, providing services traditionally offered by the public sector. Now, a new group of startups is trying to help cities figure out how to manage “the proliferation of private mobility options, including ridesharing, dockless bikes, e-scooters, and eventually autonomous vehicles,” Remix’s co-founder Tiffany Chu said in statement.

Remix makes a city planning and mapping tool to help city planners manage transportation infrastructure and services around both public and privately-offered modes. The cloud-based service is being used in 300 cities.

A range of new startups are raising capital to improve city transit design and planning. New York-based Coord recently raised $5 million for its mapping tools. Portland-based Knock secured $2.6 million for its software that focuses specifically on bike-based commuting. And South Africa’s transport data company WhereIsMyTransport closed $1.85 million to map formal and informal modes of transport.