Finance

WhereIsMyTransport raises $14.5 million Series A round for emerging markets expansion

WhereIsMyTransport raises $14.5 million Series A round for emerging markets expansion
Tuesday, 08 June 2021 11:39

South African-founded startup WhereIsMyTransport, has raised $201 million (about $14.5 million) in a Series A round. The company actively present in South Africa and Mexico aims to continue its expansion across emerging markets with this new round of funding.

Naspers, through its investment arm, Naspers Foundry, led the founding round with participation from Cathay AfricInvest Innovation Fund, and Japan’s SBI Investment. Of the total amount raised, Naspers Foundry is committing R42 million (about $3 million).

WhereIsMyTransport, a mobility technology company that maps formal and informal public transport networks has clients including Johannesburg commuter rail system Gautrain, and Transport for Cape Town. As of last year, the company has mapped 34 cities with over 100,000 users in Africa.

WhereIsMyTransport is funded by 13 investors. Naspers, Cathay AfricInvest Innovation Fund, and SBI Investment join Global Brain Corporation and Google as the most recent investors.

“Mobility remains an obstacle for billions of people in high-growth markets across the world. Our investment in WhereIsMyTransport is a testimony of our belief that great innovation and tech talent is found in South Africa, and with the right backing and support, these businesses can provide solutions to local challenges and can improve the lives of ordinary people in South Africa and abroad,” said Phuthi Mahanyele-Dabengwa, Naspers CEO.

solange che

On the same topic
Intelcia to buy back 65% stake from Altice, regain full ownership by 2026 Group targets global top 10 ranking by 2030 through acquisitions, AI...
Sovereign Trust Insurance will launch a rights issue to raise up to NGN 5 billion (USD 3.5 million). Nigeria’s new Insurance Industry Reform Act...
Burkina Faso plans fund to support senior entrepreneurship and economic activity Proposed support includes micro-loans, rural projects, and...
BADEA provides a $75 million term loan to Africa Finance Corporation to expand infrastructure financing capacity. AFC plans to channel the funds...
Most Read
01

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
02

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
03

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
04

Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...

Mauritania Advances Blockchain Policy to Modernize Digital Public Services
05

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.