Roadify Clears Up Confusion on the Streets and Rails
(Page 2 of 2)
of buses at their stops, for example, they alert others on that same route of potential delays. Kolber expects New York buses to have real-time GPS tracking installed in the next few years, which would reduce reliance on user updates. Roadify is free and currently available for the iPhone with an Android version due later this year.
The idea behind Roadify began with a familiar struggle in city life: the hunt for parking. Kolber says Roadify’s founder Nick Nyhan, who is also chief digital officer for Kantar, started a text-based service on the side to exchange parking information via cell phones with other locals in his neighborhood of Park Slope, Brooklyn. That led Nyhan to explore other data sources for mass transit updates.
Roadify incorporated in March 2010 and initially offered the text-based parking-space information. Last October, the first version of the iPhone app was released with bus schedules and other location information. Kolber became aware of Roadify first as a user and then met Nyhan and the development team. After a few months of conversation, Kolber took on a development role with the company that led to the chief operating officer position. “A big part of my focus at the moment is fundraising,” Kolber says.
Kolber says Nyhan is the primary funder for Roadify thus far. “There are a few other investors from the digital and data world,” Kolber says, but he would not disclose their names. He says the company plans to pursue a series A funding round in the fall. He believes winning this year’s BigApps competition may help Roadify attract more funding. “People know about us when we go to talk to investors,” he says.
Though Kolber devotes most of his time to Roadify, Nyhan retains his full-time job at Kantar, the market research division of communications services group WPP. Nyhan previously founded Dynamic Logic, a digital advertising research company that is now part of the Millward Brown research agency within Kantar.
Kolber worked for more than a decade at Viacom, helping launch syndicated television shows and developing satellite distribution strategies for MTV Networks. “I was part of the team that helped MTV expand internationally,” he says. He later worked as director of business development for satellite manufacturer and operator Loral Space & Communications. He also served as senior vice president of business development for Linkstorm, an online advertising technology company in New York.
Roadify has a staff of five, and Kolber says the company plans to expand, particularly on the technology front. “We need more data experts; as we grow we’re going to be dealing with massive amounts of data,” he says. The company also wants to hire professionals in audience development to grow the user base. Kolber says with new funding the company will expand its services into new geographic markets. “We now have the ability to ingest a lot more data [from] around the country and the world,” he says.
Kolber says Roadify wants to find ways to monetize its user base, which could include partnering with location-based advertisers and marketers. “We want to tap into the fact we know where our users are,” he says. Such partnerships could, for example, offer coupons for a latté at a nearby coffee shop if the bus a user is waiting for is running late. “You could walk across the street, pay for it with a mobile payment service, and still make your bus,” Kolber says.
Trending on Xconomy
By posting a comment, you agree to our terms and conditions.