Tech Company Financing Transactions
The Routing Company Funding Round
The Routing Company, based in Cambridge, secured $5 million in funding from The Engine and private investors.
Transaction Overview
Company Name
Announced On
12/16/2020
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
The Engine (Lead Investor) (Reed Sturtevant)
Proceeds Purpose
The funding will be used to accelerate commercialization of the startup's dynamic shared rides technology, refine its product, and round out a team that combines extensive rideshare industry leadership experience with deep academic expertise.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
471 Memorial Dr. 5142
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Undisclosed
Website
Email Address
Overview
The Routing Company is an on-demand vehicle routing and management platform that partners with cities to create transit that moves with you. Made up of MIT researchers and rideshare industry veterans, The Routing Company builds smart, sustainable transit solutions that are more reliable, efficient and accessible than other mobility options.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 12/16/2020: Kapalya venture capital transaction
Next: 12/16/2020: ClickUp venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs