Masabi Obtains $2,800,000 New Round

  • Feed Type
  • Date
    3/21/2013
  • Company Name
    Masabi
  • Mailing Address
    12 Desbrosses Street New York, NY 10013
  • Company Description
    Masabi is the transit mobile ticketing pioneer, delivering end-to-end systems to agencies that bring significant cost savings and enhanced customer experience. Masabi’s JustRide system was first deployed in the U.S. by Boston’s MBTA in late 2012, and it signals the end of ticket lines, lost tickets and cash fares by allowing passengers to quickly and securely buy and display tickets on their mobile phones.
  • Website
    http://www.masabi.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,800,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Fontinalis Partners
  • Venture Investor
    MMC Ventures
  • Venture Investor
    m8 Capital

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