Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News

 

Venture Capital Database 2018 Now Available!

Mobility Data Platform Coord Secures $5 Million in Series A Funding

Investment to expand data ecosystem for shared transport services

NEW YORK, October 11, 2018-- Coord, the mobility data platform, today announced the closing of a $5 million Series A investment. The investment was led by Alliance Ventures, with additional funds coming from Trucks, Urban.Us and DB Digital Ventures. They join previous investor Sidewalk Labs, an Alphabet company.

While continuing to reach developers with their robust suite of self-serve APIs, Coord will use this new financing to scale geographic coverage and accelerate development of a comprehensive solution that helps enterprise customers to optimize their use of transportation infrastructure such as roads, curbs and parking lots.

“We’re excited to support Coord in their mission to make cities more livable by enabling seamless mobility for everyone,” said Ryan Armbrust, Partner at Alliance Ventures. “Coord is building vital digital infrastructure that not only helps existing transportation modes operate more efficiently, but also enables rapid experimentation with new modes like scooter-share and autonomous vehicles.”

Trusted by Google Maps, Zipcar and Mozio, and supporting major US cities such as New York, San Francisco, Los Angeles, Seattle, Washington, D.C. and Chicago, Coord’s suite of APIs helps developers to integrate accurate information about available transportation infrastructure and shared vehicles. For example, Coord can help ride-hail drivers locate a legal curbside pick-up or drop-off zone, reducing tickets and accidents, or enable a navigation app to suggest the most efficient trip options that users can book in app, including a nearby bike or scooter, or help a car-share service bill members for tolls in real-time, giving people a better sense of the true cost of their trip, among many other benefits.

“We are grateful to have the support of a diverse group of investors who see the opportunity to transform the mobility market,” said Stephen Smyth, CEO of Coord. “Alliance Ventures and others bring expertise across the transportation and urban technology sectors that will enable us to accelerate the adoption of mobility solutions in cities throughout North America.”

About Coord

Coord is a mobility data platform that facilitates the interoperability of transportation infrastructure and services, unlocking seamless trip experiences for people in cities around the globe. Coord wants to improve mobility and expand access to opportunity through the use of technology. Headquartered in New York City, Coord was founded in 2016. Learn more at https://coord.co

Contact:
Coord
Michelle Chakansky, 646-757-8756
Coord@berlinrosen.com


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

Copyright © 1998-2018 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer