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Spare secured $42 million CAD in a Series B funding round. The round was led by Inovia Capital, with participation from existing investors Kensington Capital and Nicola Wealth.
Spare provides mobility operations software, offering an AI-powered platform for on-demand transit, paratransit, and microtransit services. The company plans to use the new capital to expand its global reach, accelerate the development of its AI-driven platform, and meet the growing demand for innovative transit solutions, particularly in the paratransit sector.
Funding Round: Series B
Amount Raised: $30M
Valuation: Unknown
Lead Investor: Inovia Capital
Other Funds that Invested: Kensington Capital, Nicola Wealth
Company Industry: Information Technology & Services
Company Headquarters: Vancouver, British Columbia, Canada
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