Afrigather SA mobility startup WhereIsMyTransport is shutting down after failing to boost new funding.
South African mobility startup WhereIsMyTransport is shutting down, citing an incapacity to boost new funding. Based in 2016 Devin De Fries, the startup raised over $27 million in funding and had 140 staff. “Having failed to boost our spherical, we’ve stopped operations. Thanks to the traders who backed us alongside the best way – with out you, our work wouldn’t have been doable. Thanks to the workforce who gave the perfect of themselves to help our mission,” wrote De Fries.
WhereIsMyTransport mapped formal and casual public transport networks and used the info to enhance the general public transport expertise, claiming to make commuting secure and accessible. The startup licenced a few of its information to governments.
In Might 2022, the startup introduced that it had mapped 50 cities throughout Africa, Latin America, Southeast Europe, and Asia. A few of its shoppers included the World Financial institution, which used its information to look at entry to job alternatives by way of public transport in 12 African cities.
The startup was additionally an alumnus of the now-defunct Naspers Foundry, having raised $3 million from the fund in the direction of its $14.5 million Sequence A extension. Its different traders included Cathay AfricInvest Innovation Fund, Japan’s SBI Funding, Wuri Ventures, Capria Ventures, Nedbank, World Innovation Fund, Goodwell Investments, Google and Toyota Tsusho.
