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March 20, 2013 04:24 pm GMT
Masabi, which develops and deploys mobile ticketing technology for the transport sector, has raised a further $2.8 million in a new round of funding from Detroit-basedFontinalis Partners, along with London-basedMMC Venturesand existing investorm8 Capital. The new capital will be used by the UK company to "accelerate" transit agency deployments in the U.S. -- in late 2012 it deployed its "JustRide" system for Bostons MBTA -- as well as opening a New York office. Related to its U.S. expansion, Masabi has hired transit industry "innovator" Josh Robin as VP of Strategy and Business Development for North American operations.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BzxH7Mx07WI/
Mobile Ticketing Solution Masabi Raises $2.8M To Help Transit Agencies Move To The Cloud, Opens New York Office
Masabi, which develops and deploys mobile ticketing technology for the transport sector, has raised a further $2.8 million in a new round of funding from Detroit-basedFontinalis Partners, along with London-basedMMC Venturesand existing investorm8 Capital. The new capital will be used by the UK company to "accelerate" transit agency deployments in the U.S. -- in late 2012 it deployed its "JustRide" system for Bostons MBTA -- as well as opening a New York office. Related to its U.S. expansion, Masabi has hired transit industry "innovator" Josh Robin as VP of Strategy and Business Development for North American operations.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BzxH7Mx07WI/
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