Via, the transit software startup known for its on-demand shuttle service, has confidentially filed for an initial public offering after years of planning. The company previously filed in 2021 but did not proceed to enter public markets. Via launched in 2012 amid limited interest from cities and has since developed its routing algorithm using collected data. Currently, Via provides on-demand transit software for over 650 cities worldwide and raised $110 million in 2023, bringing its total funding to $1 billion and valuation to $3.5 billion, involving major investors like BlackRock and Shell.
When Via launched in 2012, there was little interest from cities in the software platform, co-founder and CEO Daniel Ramot told TechCrunch in an interview several years ago.
Today, Via provides the on-demand transit software for more than 650 cities in 30 countries, including San Francisco, Seattle, New York, Miami, and London.
Via has raised a total of $1 billion to date from a long list of investors that includes BlackRock, Exor, Janus Henderson, Macquarie Capital, Mori Building, Shell, and 83North.
Now, the company says it's ready. Its status as a confidential filing, however, leaves lots of missing details, including the number of shares to be offered and the price range for the proposed offering have not yet been determined.
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