Tech Company Financing Transactions
Waycare Funding Round
Waycare, based in Los Angeles, secured $2.3 million in investment from Innogy SE, Spider Capital and Goldbell Investments.
Transaction Overview
Company Name
Announced On
10/31/2017
Transaction Type
Venture Equity
Amount
$2,300,000
Round
Seed
Investors
Innogy SE (Lead Investor)
Spider Capital (Lead Investor) (Michael Neril)
Proceeds Purpose
Waycare plans to use the recent investment to further expand its Israel-based software development team and support upcoming engagements with cities across the U.S., Europe, and Asia. Additionally, Waycare will use the funding to continue growing their data partnership efforts with OEMs, telematics providers, and other navigation solutions.
Company Information
Company Status
Private & Independent
Industry
GovTech
Transportation
Transportation
Mailing Address
1601 Vine St. 7th Floor
Los Angeles, CA 90028
USA
Los Angeles, CA 90028
USA
Phone
Website
Email Address
Overview
Waycare is shaping the future of city mobility, enabling cities to take full control of their roads by harnessing in-vehicle information and municipal traffic data for predictive insights and proactive traffic management optimization.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Noam Maital
Chief Information Officer
Shai Suzan
Chief Technical Officer
Arie Malits
VP - Product Management
Ian Goldsmith
VP - R & D
Shai Maron
VP - Sales
Barry Matlack
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