RideCo Raises $20M in Series A Funding
- RideCO, a Waterloo, ON, Canada-based on-demand transit technology company, raised $20M in Series A funding
- The round was led by Eclipse Ventures
- The company intends to use the funds to further accelerate its growth and innovation in product engineering and customer support
- The company aims to make transit convenient to ride and cost effective to operate
- It partners with public transportation agencies, municipalities, and local fleet operators to design and operate on-demand transit services that alleviate travel pain points for riders
- RideC o’s innovative software has powered more than 60 services throughout cities worldwide and has leading market share among the largest cities in both the United States and Canada
