Sign In
NewsRadar

Masabi lands €2.9 million from m8 Capital

2 November 2011 16:05
By Tornado Staff

Masabi, a UK developer of mobile phone ticketing technology, has completed a €2.9 million Series B round of funding with its existing shareholder, the mobile technology fund m8 Capital.

Masabi offers mobile ticketing technology for the transport sector. Its applications turn mobile phones into personalized ticket machines which allow people to securely purchase and display tickets on almost any mobile phone, not just smartphones. Once people have bought a ticket, their phone can be easily scanned at the gate or by a train guard. This means travelers can avoid ticket machines and queues.

Masabi works in partnership with transport systems integrators, including thetrainline.com and Atos, and is deployed with operators including Virgin Trains, Cross Country Trains, First TransPennine Express, First Hull Trains, Chiltern Railways and others. The latest funding round will support the company’s deployments in the UK. It will also be used for the development of new service features, including NFC technology, and for expansion into new markets, particularly the US.

The company secured its Series A funding round of €1.5 million in September 2010.



Related stories
Purple WiFi pulls in €4.3M for social login and location analytics
Mobile messaging app Jongla receives €3.4 million investment
DelfMEMS gets fresh funds for its RF MEMS switches
Shopgate receives funding for its mobile commerce platform
Last.fm founder Breidenbrücker joins 42matters team


Up
Data


22,232
Tech investments
From our Online Data Service
14,336
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Jan 12€2.0MOptics & Photonics
Jan 11N/APayment software
Jan 11€12.6MInternet services
Jan 11€14.1MOptics & Photonics
Jan 10€0.6MEnergy related
Jan 10€5.0MInternet services
Jan 10€3.1ME-Commerce

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


Dec 13
Versasec
new security survey shows it security spending will rise sharply in...

Nov 16
Versasec
versasec, digicert establish formal working relationship

Oct 18
Versasec
versasec launches vsec:cms s-series version 4.6

Oct 4
Versasec
versasec and zigg announce partnership

Jul 20
Versasec
versasec expands us and global operations to meet growing demand fo...





About usContact usLegal Information
Copyright © 1999-2017
Emerging Technology Research Europe Inc. All rights reserved.