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TransitScreen Raises Additional $800k, Looks to Double Down on Real Estate Tech, Smart Cities

Posted by Team TransitScreen on 4/5/16 10:52 AM

Investors Include DC-based 1776 Ventures, Middle Bridge Partners, Mark Decker Jr., Alex Bresler and Angels

TransitScreen has raised an additional $800k of seed capital to expand its sales and product growth in the real estate tech and smart cities verticals.

“Globally, transportation has changed more in the last five years than in the previous hundred years combined. We are making buildings and cities smarter and more sustainable by delivering timely information worldwide,” said CEO Matt Caywood.

The company has now raised a total of $1.5 million in funding from 1776 VenturesMiddle Bridge Partners, Alex Bresler, Mark Decker, Jr., and angels.

"Our growing team has united behind a common purpose: improve quality of life in cities through access to timely information. From Paris to Seattle, Boston to Berlin, we are giving people back the one resource we all need more of—our time.” said COO Ryan Croft.”

In 2015, TransitScreen was a recipient of a $75,000 Energy Exelerator grant, from the U.S. Office of Naval Research, U.S. Department of Energy, and State of Hawaii.

“TransitScreen has shown incredible promise in building its business and is proving to be highly scalable,” said David Zipper, Managing Director and head of Smart Cities and Transportation at 1776. “It is already making cities smarter, and 1776 is proud to invest in TransitScreen as it goes global.”

“TransitScreen provides a great platform to millions of people in cities around the globe to make urban life easier,” said Omer Er, Managing Partner of Middle Bridge Partners. “It is a solution suitable for every city in the world from New York to Beijing, from Istanbul to Sao Paolo.”

The company is generating revenue and reports paying customers in 25 cities (and 4 languages) across North America and Europe. It expects to have 5,000 screens live worldwide by early 2017.

Student lookin at TransitScreen at GWU

 

Topics: Smart Cities, Real Estate, Company News, Real-Time Information, TDM