Bregal Milestone Announces Strategic Growth Investment in Ridango - Ridango

▤ Summary

Ridango has built one of the worlds leading integrated automated fare collection and operations control software platforms, serving more than 150 customers in over 25 countries across five continents. The Companys modern software provides end-to-end transit management services, from account-based ticketing to contactless bank card acceptance, real-time passenger information, and automatic vehicle location operations management to deliver better transit services, more accurate real-time visibility, and improved passenger satisfaction.With operational and financial support from Bregal Milestone, Ridango aims to accelerate its organic and inorganic growth. Public transportation is at the heart of sustainable urban development, and the team at Ridango is tirelessly committed to delivering the most advanced solutions to help modernize transit networks for the future.Ridangos strong commitment to innovation has positioned it as a software operating system of choice for transit operators looking to modernize fare collection and optimize passenger experience, added Cyrus Shey, Managing Partner at Bregal Milestone. We see strong secular tailwinds as private transport operators and public rail and mass transport operators accelerate investments in digitalization, underpinned by the accelerated shift from card-based ticketing to account-based ticketing systems, and we are thrilled to partner with Erki and his leadership team to support Ridango in capitalizing on these megatrends.Sebastian Charpentier, Principal at Bregal Milestone, adds, We are honored to enter this strategic partnership with Ridango, a company that continues to drive innovation and deliver customer service with what we see as the most advanced end-to-end transit software offerings featuring AI-driven predictive analytics and cloud-based fare collection. We believe that Ridango is uniquely positioned to lead the digital transformation for public transportation authorities and operators alike, creating sustainable long-term value for the communities in which they operate.White & Case served as legal counsel and Deloitte as financial advisor for Bregal Milestone.

$ Funding

▦ Linked Companies

Ridango AS

$10M to $25M