GoodVision secures £2.3m led by Lead Ventures to expand its traffic analytics platform.
The funding round was led by Lead Ventures with participation from Credo Ventures and Sofia Angels Ventures.
GoodVision develops advanced transportation analytics software powered by artificial intelligence to help municipalities and civil engineering firms manage traffic flows. The company provides a scalable SaaS platform deployed across multiple continents to monitor road networks and reduce congestion.
GoodVision has secured £2.3m in new funding to accelerate its international expansion and support team growth. Lead Ventures backed the round, with participation from existing investor Credo Ventures and Sofia Angels Ventures.
The London-based startup provides traffic analytics software that automates data collection and improves road safety for municipalities and civil engineering firms worldwide. The fresh capital will allow the firm to scale its operations further following rapid global adoption across 80 countries.
From the founder
"GoodVision provides a first-of-its-kind software platform that enables what transportation specialists could not have managed before. In the past, traffic data collection was done manually by humans on the road or single-purpose sensors, and transport analytics was done with pen and paper. GoodVision is the place where all related parties can work together on their projects and have most of their work tasks automated. That in turn helps them save time which they can dedicate to more relevant assignments."
Daniel Stofan
CEO at GoodVision
Investor perspective
"We are super excited about the GoodVision story and what this cool team achieved so far. Their expertise in traffic management and analytics market and also their enthusiasm convinced us to support Daniel and Lukas on their journey. Their uniqueness is confirmed by many clients already and we are happy to support their mission to accelerate their global expansion."
Haszonics Balázs
Partner, Lead Ventures
Use of funds
- 01Expand into international markets
- 02Grow the team
Investors
Categories
About the company
GoodVision
GoodVision builds artificial intelligence software for traffic analytics and smart cities.