Spare

Canada
Sydney Forks, Nova Scotia, Canada, V6C 1B4

Company profile

Spare company profile

Spare is a mobility management software company that enhances public transit services through on-demand and shared transportation solutions. The platform integrates various modes of transport, enabling efficient and accessible mobility for all users. Their platform uses advanced algorithms and data analytics to optimize routes, reduce wait times, and improve overall efficiency for transportation services. By optimizing transportation services and promoting shared rides, Spare Labs reduces traffic congestion and emissions, supporting more sustainable urban mobility.

Business identity

Operating status
Active
Company type
For Profit
Employee range
101-250 employees
Revenue range
$1M-$10M
Founded
2015-11-03

Headquarters

Postal code
V6C 1B4
Country code
CA
Continent
North America

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
7
Total equity funding
$60.8M
Last funding
Series B / $30.9M / 2024-09-10
Last equity funding
Series B / $30.9M
Investors
13
Lead investors
5
Founders
3
Articles
51

Founders and investors

Founders

Alexey IndeevJosh AndrewsKristoffer Vik Hansen

Lead investors

CIBC Innovation BankingInovia CapitalMitsubishi CorporationNational Research Council of Canada Industrial Research Assistance ProgramPacific Economic Development Canada

Investors

CIBC Innovation BankingInovia CapitalKensington Capital Partners LimitedRidge VenturesTranslink Capital