About Transit
Transit is a company based in Montreal (Canada) founded in 2013 by Guillaume Campagna and Sam Vermette. It operates as a Freemium, and Mobility-as-a-Service. Transit has raised $24.94 million across 4 funding rounds from investors including Accel, Renault–Nissan–Mitsubishi Alliance and Real Ventures. Transit offers products and services including Transit App. Transit operates in a competitive market with competitors including Trainman, Meep, Tummoc, Chelaile and RideScout, among others.
- Headquarter Montreal, Canada
- Founders Guillaume Campagna, Sam Vermette
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.94 M (USD)
in 4 rounds
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Latest Funding Round
$17.5 M (USD), Series B
Nov 05, 2018
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Investors
Accel
& 5 more
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Employee Count
Employee Count
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Products & Services of Transit
Transit offers a comprehensive portfolio of products and services, including Transit App. 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.
Navigation app for public transit across cities.
Funding Insights of Transit
Transit has successfully raised a total of $24.94M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.5 million completed in November 2018. 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 4
- Last Round Series B — $17.5M
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First Round
First Round
(15 Apr 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series B - Transit | Valuation | Renault–Nissan–Mitsubishi Alliance | |
| Sep, 2017 | Amount | Series A - Transit | Valuation | Accel | |
| Sep, 2016 | Amount | Seed - Transit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Transit
Transit has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Accel, Renault–Nissan–Mitsubishi Alliance and Real Ventures. 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 |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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Venture capital and startup studio firm focused on transportation tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Transit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Transit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Transit Comparisons
Competitors of Transit
Transit 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 Trainman, Meep, Tummoc, Chelaile and RideScout, 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 |
App-based platform to check PNR status and view railway information
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| domain | founded_year | HQ Location |
Multi-modal mobility solutions are delivered via an app-based platform.
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| domain | founded_year | HQ Location |
App-based platform offering real-time transit information and planning solutions
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| domain | founded_year | HQ Location |
App-based trip planning platform for transit operators
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| domain | founded_year | HQ Location |
Online platform offering aggregated mobility management services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Transit
Frequently Asked Questions about Transit
When was Transit founded?
Transit was founded in 2013.
Where is Transit located?
Transit is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Transit?
Sam Vermette is the current CEO of Transit. They have also founded this company.
Is Transit a funded company?
Transit is a funded company, having raised a total of $24.94M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Apr 15, 2013.
What does Transit do?
Transit is created as a mobile application to assist users in navigating urban areas using public transportation options such as buses, trains, bikes, and walking. It is designed to provide real-time data, trip planning, and step-by-step navigation across over 900 cities worldwide. Solutions are tailored to integrate with local transit agencies, incorporating features like fare purchasing and crowdsourced data for improved accuracy. The app is utilized in various sectors including urban mobility and sustainable transport, fostering community engagement by collecting rider feedback to enhance transit services.
Who are the top competitors of Transit?
What products or services does Transit offer?
Transit offers Transit App.
Who are Transit's investors?
Transit has 6 investors. Key investors include Accel, Renault–Nissan–Mitsubishi Alliance, Real Ventures, InMotion Ventures, and Accomplice.
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