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
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...
Economists use underemployment to better assess Africa's labor conditions ILO defines two types: too few hours and low-pay, low-productivity work...
Astral Foods' net profit rose 16% to $50.9M in FY2025 Revenue up 10.4% on higher chicken volumes, price recovery, and feed sales Firm eyes...
26 % of African CEOs expect to allocate over 20 % of budgets to AI Report highlights investment priorities in cybersecurity and digital...
Sonatrach and Sinopec sign EPCC contract for new Arzew refinery unit Project aims to raise annual gasoline output from 550,000 to 1.2 million...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...