SA road mapping startup secures R20 million in funding
Summary
The investment has been secured as the company completes the digital mapping of informally run public transport in South Africa’s major metropolitan areas. In August last year, WhereIsMyTransport announced an investment of £1.165 million from Goodwell Ventures, together with the Omidyar Network, a philanthropic investment firm created by eBay’s founder, and Horizen Ventures, as the first closing of a £2 million Seed Round. The company estimates that transport uncertainty in South Africa alone costs the country $104 billion every year. The platform will support the development of journey-planning applications for websites and smartphones, fare estimators, analytics for more informed infrastructure investment and city planning, and messaging capabilities to help optimise journeys affected by delays and cancellations. WhereIsMyTransport said that data from the Gauteng city region is set to launch on its platform in August, joining Cape Town, East London, Durban, Port Elizabeth, and Bloemfontein.