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Via raises $130M to expand on-demand shuttle software business
On-demand shuttle and software company Via has raised another $130 million, capital that has pushed its valuation to about $3.3 billion as demand from cities to update its legacy transit systems rises. The round was led by Janus Henderson with participation from funds and accounts managed by BlackRock, ION Crossover Partners, Koch Disruptive Technologies and existing investor Exor. Its underlying software platform, which it sells to cities, transportation authorities, school districts and universities to deploy their own shuttles, is not only the core of its business; it has become the primary driver of growth.
