UrbanThings secures £455k in new funding to expand its mobility platform.
The company has raised £455k from existing backers and the UK Government Future Fund.
UrbanThings is a London-based technology company specialising in intelligent mobility and smart ticketing platforms across Europe. The company is best known for creating UK Bus Checker and the Ticketless platform.
UrbanThings has secured £455k in a seed follow-on funding round, bringing its total capital raised to £1.5m. The investment was backed by an existing pool of investors alongside the UK Government's Future Fund.
The proceeds from the raise will be directed toward developing the pre-booking and mobility as a service components of the company platform, which currently powers transit networks in the UK and Germany.
The firm's software handles over 130m passenger journeys annually across three continents, with upcoming deployments for clients including Newport Transport.
From the founder
"We’re tremendously proud that our existing investors have stood by our vision to disrupt the mobility sector. We’re continuously moving our product forward and this fundraise will allow us to accelerate the development of our Demand Responsive Transit and smart mobility platform allowing transport operators to improve their profitability and increase their ridership"
Carl Partridge
CEO at UrbanThings
Use of funds
- 01Continue product development
Investors
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About the company
UrbanThings
UrbanThings builds smart mobility and ticketing software for transport operators.