Via Raises $110 Million at $3.5 Billion Valuation

Via is a global transport and logistics company that provides public mobility solutions for commuters by transforming public transit into a fully dynamic, on-demand network, using the world’s most advanced technology. The company mobile app connects passengers who are headed the same way and allows riders to share a premium vehicle. Via’s products are deployed worldwide in 600 communities and over 35 countries.

Via locked up a $110 million round bringing the company valuation to $3.5 billion. The new funding round was led by 83North, with participation from new and existing investors, including EXOR, Pitango Venture Capital, Planven Ventures, Janus Henderson, CF Private Equity, RiverPark Ventures, and ION Crossover Partners.

Via, New York, United States, was founded in 2012 by Daniel Ramot and Oren Shoval. “This financing is an exciting milestone for Via and a reflection of the power that technology has to transform transit in communities around the world,” Via co-founder and CEO Daniel Ramot said in a statement. “Access to transit improves health, education, and economic outcomes, and all of us at Via are inspired every day to see the positive impact our customers have achieved by adding technology to their transit networks. The growth of the transit tech market in recent years has been truly remarkable, and we are proud of the contributions we have made to create and expand the category.”