About RideCo
RideCo is a company based in Waterloo (Canada) founded in 2012.. RideCo has raised $15.93 million across 2 funding rounds from investors including Eclipse and Metrolinx. RideCo offers products and services including Passenger App, Operations Center, AI Agent, Driver App, and Flex Fleets. RideCo operates in a competitive market with competitors including HopOn, Moovit, Trafi, Passport and Bytemark, among others.
- Headquarter Waterloo, Canada
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Rideco Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15.93 M (USD)
in 2 rounds
-
Latest Funding Round
$15.8 M (USD), Series A
Feb 17, 2022
-
Investors
Eclipse
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of RideCo
RideCo offers a comprehensive portfolio of products and services, including Passenger App, Operations Center, AI Agent, Driver App, and Flex Fleets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for trip reservation and rider management.
Platform for streamlining transit operations and monitoring.
AI tool for managing bookings and trip updates.
App for tracking, communication, and dispatching.
Solution for scaling paratransit resources.
Unlock access to complete
Funding Insights of RideCo
RideCo has successfully raised a total of $15.93M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.8 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.8M
-
First Round
First Round
(15 Jun 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - RideCo | Valuation | Eclipse |
|
| Jun, 2015 | Amount | Seed - RideCo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RideCo
RideCo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Eclipse and Metrolinx. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage investments are made by Eclipse across multiple sectors.
|
Founded Year | Domain | Location | |
|
Metrolinx is tasked with coordinating transportation in Ontario.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by RideCo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - RideCo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rideco Comparisons
Competitors of RideCo
RideCo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HopOn, Moovit, Trafi, Passport and Bytemark, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS mobility-as-a-service and data collection for public transit are provided.
|
|
| domain | founded_year | HQ Location |
AI-enabled mobility-as-service platform is developed for transit operators.
|
|
| domain | founded_year | HQ Location |
Mobility app and MaaS solutions are provided for transit users.
|
|
| domain | founded_year | HQ Location |
Passport is recognized for providing parking management software solutions.
|
|
| domain | founded_year | HQ Location |
Mobile ticketing and payment systems are provided for transit operators.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Rideco
Frequently Asked Questions about RideCo
When was RideCo founded?
RideCo was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is RideCo located?
RideCo is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Who is the current CEO of RideCo?
Steve Jurvetson is the current CEO of RideCo.
Is RideCo a funded company?
RideCo is a funded company, having raised a total of $15.93M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 15, 2015.
What does RideCo do?
RideCo was founded in 2012 in Waterloo, Canada, within the transportation technology sector. A platform is provided to assist micro-transit and fleet operators in launching, managing, and optimizing on-demand shared transit services. Mobile applications are supplied for end-users, while back-end management solutions are delivered for operational oversight. Services focus on shared mobility in urban and regional settings.
What products or services does RideCo offer?
RideCo offers Passenger App, Operations Center, AI Agent, Driver App, and Flex Fleets.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.