Participated · Series B · Apr 2019

Masabi delivers Fare Payments-as-a-Service (FPaaS) via its cloud-based Justride platform, combining SaaS and cloud computing to modernize transit ticketing. Its platform is designed to replace legacy, monolithic automated fare collection systems with quicker, lower-capex upgrades. Masabi operates in nine countries and serves more than 140 customers, with deployments in cities including Denver, Las Vegas, Boston, Los Angeles, San Antonio, Columbus, Calgary, Birmingham, Valencia, Bilbao and Osaka. The company plans to use the recent strategic investment to accelerate product development and expand deployments across North and South America, Europe and Asia-Pacific. The announcement frames Masabi as continuing to disrupt legacy ticketing by enabling transit agencies to adopt new consumer-facing innovations more rapidly and cost-effectively. Masabi was advised in the round by CKS Finance and a legal team from Smoosmiths. Masabi builds and operates Justride, a Fare Payments-as-a-Service platform that enables mobile ticketing, account-based fare collection and contactless payments for public transport. The company supports integrations with partners such as Uber, Transit, Jorudan and Kisio Digital and serves over 70 clients across 13 countries. Masabi processes more than $1 billion in annual transport ticketing sales and continues to add features such as tap-to-ride using contactless bank cards, mobile phones or smartcards. The company emphasizes replacing bespoke fare collection systems with a quickly deployable, continuously updated platform to enable Mobility-as-a-Service (MaaS). Masabi’s expansion plans are being supported by a newly finalised investment from Shell to accelerate global roll-out of the Justride platform. The company lists investors including Mastercard and Keolis and has offices in New York, Denver, London and Cluj. Masabi is a Software-as-a-Service ticketing and payments provider for public transport, led by CEO Brian Zanghi. Its core product, the Justride fare-collection platform, supports mobile ticketing, account-based full fare collection using contactless bank cards, mobile devices and smartcards, and a Justride SDK to enable Mobility as a Service integrations. The Justride SDK allows journey planners and micromobility providers to integrate public transit into their apps, with integrations including Uber, Transit, Jorudan and Keolis. Justride is in operation with more than 50 transport agencies across ten countries, serving customers from tier-one cities to local bus operators such as Boston MBTA, New York MTA, National Express and others. The company operates offices in New York, London, Denver and Cluj. Masabi intends to continue expanding its mobility platform and drive digital transformation for transit agencies and operators of all sizes. Masabi offers JustRide, a cloud-based, end-to-end mobile ticketing and fare collection platform that includes apps for ticket purchase, display and inspection plus back-end infrastructure for payments, ticket management, inspection, customer service, reporting and real-time analytics. The platform is designed to reduce the cost of fare collection by removing the need for costly hardware and ticket media while providing agencies with big-data analysis and visualization tools to better plan and optimize services. Masabi works with more than 22 transport operators and agencies worldwide, including Virgin Trains, Abellio, Thames Clippers, New Orleans RTA, Boston’s MBTA, Las Vegas, Transport for Athens, and New York’s MTA. The company is expanding strategic partnerships—notably with MasterCard and Keolis—to accelerate deployments and product integrations. MasterCard and Masabi are integrating the MasterPass digital wallet into JustRide, and Keolis is working to include Masabi’s ticketing in its PlanBookTicket offering. Masabi raised $12 million in growth funding to support global operations and speed to market. Masabi develops and deploys JustRide, a cloud-based end-to-end mobile ticketing and fare-collection system that includes mobile apps for ticket purchase, use, and ticket agent validation. The UK company positions its product as a lower-cost, faster-to-deploy alternative to traditional fare-collection systems and promotes an “agile” cloud approach. Its technology is already in use by more than 13 UK transit agencies and retail brands, including Virgin Trains, First Group, CrossCountry Trains and thetrainline.com, and it deployed JustRide for Boston’s MBTA in late 2012. Masabi plans to add NFC support in the future. The company recently hired Josh Robin as VP of Strategy and Business Development for North American operations as part of its U.S. expansion. It is opening a New York office to accelerate deployments with U.S. transit agencies.

Participated · Equity · Jan 2019

Onepark operates a mobile app and online car-park booking platform that allows drivers to compare, reserve and pay for parking in advance via partnerships with parking managers, hotels and other businesses. Launched in 2014, the company lists spaces in over 1,500 parking lots across Europe (about 1,000 in France, 100 in Spain and 50 in Belgium, plus slots in Switzerland, the Netherlands and Luxembourg). Onepark says it sells more than 100,000 hours of parking each day. It already works with partners such as AccorHotels (using the platform in nearly 250 establishments) and Groupe ADP (which offers 40,000 parking spaces at Paris airports). The startup faces competition from Zenpark, Yespark, OPnGO, Parclick and EasyPark. With the new funding it plans to accelerate deployment across existing countries, launch in Portugal in the coming weeks, and expand after having entered the Netherlands, Italy and Germany the prior year. By 2023 Onepark aims to list 5,000 parking lots (about 100,000 parking spaces) and to grow its headcount to more than 100 employees by the end of 2019. Onepark operates a site and app that lets users find and book car parking spaces in cities and airports through partnerships with parking managers, airports, and hotels. The company sells around 100,000 hours of parking a day and lists more than a thousand car parks across France, Spain, Belgium, the Netherlands, Luxembourg, and Switzerland. It is Paris-based and also maintains an office in Barcelona. The new €12 million investment from Keolis will be used for product development, a redesign of its user experience, and continued European expansion. Onepark plans to open offices in Berlin and Milan. The company previously raised €2.5 million last year from Keolis. It faces competition from Sweden's EasyPark and various car rental firms that offer parking-booking services. OnePark operates a web and mobile platform that allows people to find and book parking spots in real time and sends a geo‑localized confirmation email with entry and exit information. The company was co‑founded in 2013 by David Vanden Born and Gilles Latouche and is based in Cergy, France. OnePark currently has 450 parking partnerships, manages 80,000 bookings a year and employs 20 people. It raised €2.5m in funding to support its growth. The company intends to use the funds to accelerate sales and product development and to expand its geographic reach.

Led · Equity · Mar 2017

Wheeliz operates an online marketplace that enables people with adapted vehicles to list and rent them at lower rates than traditional car rental services. The platform currently has 4,200 users and 600 listed vehicles in France. Wheeliz says the €1 million it raised in its first funding round will be used to grow staff and launch a mobile app. The company is considering expansion into additional European countries. MAIF had previously partnered with Wheeliz to offer insurance services, a relationship cited alongside the new investment. Keolis said the investment reflects its commitment to more accessible transport services. Wheeliz was founded in 2015 by Charlotte de Vilmorin and Rémi Janot and is based in Paris.

Participated · Equity · Oct 2016

Navya develops and manufactures the Autonom autonomous shuttle and is working on a smaller Autonom Cab for upcoming tests. The company has produced 100 shuttles to date and sold 89 across 17 countries, including the US, France, Germany, Switzerland, Japan and Australia. Navya says it will use new funding to strengthen technological leadership, expand sales and marketing teams, invest in strategic adjacent markets, and pursue further international expansion. The company went public on Euronext Paris on July 24, raising €38 million in the IPO. Its market capitalization is currently €188.8 million, slightly below its €190 million debut. Navya has raised €80 million in total this year, including the recent European Investment Bank financing. Navya develops the Arma, a fully electric, autonomous shuttle designed to carry up to 15 passengers and reach speeds of about 45 km/h (28 mph). The company has vehicles deployed in a public transportation project in Lyon and reports other strategic agreements. It plans to manufacture and roll vehicles out in the Middle East in partnership with Qatari investor Group8 and aims to have 30 vehicles in use by the end of this year. Navya raised funding to build out its team, technology and sales amid growing competition in autonomous shuttles. Prior to this round it had raised $4.5M (€4.1M) from Gravitation, CapDecisif, and Robolution Capital. The company positions itself with strategic industry partners to optimize costs and accelerate international deployment.

Participated · Series C · Jan 2015

Moovit provides iOS, Android and web apps plus a Smart Transit Suite that aggregates municipal and transit-operator data to deliver routing, analytics and mobility-management services; its apps are used by 120 million people across 2,000 cities in 80 countries. The Smart Transit Suite is based on a data-in/data-out model, enabling municipalities, transit operators and third parties to ingest Moovit’s data to manage networks and improve urban mobility. Moovit plans to use the new funding to expand its technology and business development and expects to surpass 1 billion users by 2021. As part of the raise it will collaborate with Mobileye to incorporate Moovit’s data into Mobileye’s navigation system. Professor Amnon Shashua, Senior VP of Intel and CEO/CTO of Mobileye, is joining Moovit’s board as an observer under the strategic investment. To date Moovit has raised around $131 million; it disclosed a $450 million valuation in 2015 but is not revealing its current valuation. Moovit is a transit app that combines information from public transport operators and authorities with live information from its user community to give travelers a real-time picture and suggest the fastest and most comfortable routes. Users can send active reports about their travel experience, such as bus congestion levels and cleanliness. The platform is available in over 700 cities and has over 30 million users. Founded in 2012 in Israel by Nir Erez, Roy Bick, and Yaron Evron, the company is expanding into markets that lack readily available public transit data. Moovit is launching in Bangalore, expects to launch three more cities in India before year-end, and is publicly launching four cities in China: Hong Kong, Shanghai, Guangzhou and Beijing. It intends to use the new funding to advance growth in markets like India and China. The company has raised over $81M to date. Moovit offers a free public-transport app that combines routing options and live journey data by tracking users' positions. The app aggregates multiple transit modes and integrates with taxi services—GetTaxi in Israel and Lyft in the U.S.—to help users travel from A to B. Moovit reports 15 million public-transport users across cities including Sao Paulo, Madrid, Barcelona, Rome, Milan, New York and LA. The company says it plans to monetize once it reaches hundreds of millions of users via added services, taxi connections, value‑add advertising and selling bus and train tickets. Moovit is available on iTunes, Google Play, the Windows Phone Marketplace and via moovitapp.com. It positions itself against competitors such as Citymapper and seeks to replicate Waze-style live-data advantages while saying an outright sale is not the company's goal. Moovit offers Android and iOS apps that combine crowdsourced user reports and public transit timetables to show real-time arrivals and fastest routes across buses, subways, trains and ferries. The product layers predictive analytics and pattern recognition on top of crowdsourced data to surface delays, crowded stops, and recurring issues. Users can send alerts about late vehicles or crowded stops and plug origin/destination points to get route suggestions. The company reports roughly 3 million users in a little over a year, with hundreds of thousands using the app daily, more than one billion handled requests, and over 10 million user-generated reports created each day. Moovit operates in 100 cities and plans to expand further into Asia while investing in backend technology and data analytics. The company is not currently generating revenue and its investors do not expect near-term monetization.