UrbanThings raises £425,000 in seed round funding
July 5, 2018
Here at UrbanThings, we’re very excited to announce that we’ve raised £425,000 in seed round funding from successful angel investors drawn from a wide and relevant range of backgrounds, including: a lifetime-CEO of several major UK bus companies, an ex-CEO of a successful international SaaS company.
Founded in 2011 by Carl Partridge, UrbanThings is an intelligent mobility company based in Shoreditch and specialising in smart ticketing platforms. Our UK government-backed product, Ticketless™, is an m-Ticketing platform for public transport that enables operators to lower their costs by removing on-vehicle hardware. The investment will enable us build and scale the Ticketless™ platform, including our first mobile ticketing deployments in the EU, bringing ticketless travel to thousands of passengers.
Carl Partridge, CEO at UrbanThings said “We’re delighted to welcome funding from such highly experienced investors in the transport and SaaS industries. Ticketless™ by UrbanThings is launching with our first client in October, and we’re excited for our continued growth under the mentorship of our investors. The funding we’ve received will help us scale and make key hires, particularly in the sales and engineering areas. We are also beginning to trial our CiBo and Bibo (‘Check-in, Be-out’ and ‘Be-in, Be-out’) bluetooth technology, and the funding will go towards bringing this to market. We fundamentally believe that ticketing should be effortless, and a seamless customer journey is achievable.”
Prior to launching Ticketless™, the UrbanThings team is probably best known for building our ‘UK Bus Checker’ app – London’s first live bus times app, now rolled out internationally to three million users.
With our new investment we’re looking to grow our London-based team further. UrbanThings is looking for bright, dedicated people who want to help revolutionise the world of mobile-ticketing. If you want to be part of our journey, then get in touch with us about available roles.