(Photo via Twitter)
1776-based TransitScreen, a company that makes displays of transport schedules, announced on Friday that it has raised an additional $800,000 in seed funding. This brings the company’s total fundraising efforts to $1.5 million.
The capital, a statement says, will go towards expanding the company’s sales and product offerings.
TransitScreen’s concept is pretty simple — the screens, often placed in a residential or commercial building lobby, display real-time transport information, comparing metro to Uber to bikeshare and more. The value proposition for us city-dwellers is pretty apparent — who doesn’t want to know the best way to get from point A to point B at a single glance? TransitScreen’s website boasts that the service is available in over 10 languages and in “every major city” in the U.S. and Canada as well as some European cities.
“Our growing team has united behind a common purpose: improve quality of life in cities through better access to information. Urban mobility is a challenge that we all share. From Paris to Seattle, Boston to Berlin, we are giving people back the one resource we all need more of — our time,” COO Ryan Croft said.
Here in the District you can find TransitScreens too, displayed in places like 1776 or, as Technical.ly previously reported, the Tysons Corner mall.
A press release from the company reports that participants in the seed funding include Middle Bridge Partners, Alex Bresler, Mark Decker, Jr., 1776 Ventures and some angels.
“TransitScreen has shown incredible promise in building its business and is proving to be highly scalable,” David Zipper, managing director and head of Smart Cities and Transportation at 1776, said. “It is already making cities smarter, and 1776 is proud to invest in TransitScreen as it goes global.”