Services financiers Innovation CIBC provides $10M in growth capital to Spare to accelerate AI-based mobility solutions expansion.
Amount Raised
C$10 Million
Round Type
Funding Round
Investors
Description
Services financiers Innovation CIBC has announced a $10 million growth capital provision to Spare, a leading provider of on-demand public transit software. The funding will accelerate the development of Spare's AI solutions, aiming to improve accessibility and efficiency of public transportation for individuals underserved by traditional transit systems.
Quick answer
Spare raised C$10 Million in a Funding Round round, dated June 4, 2024. Investors: Services Financiers Innovation Cibc.
- How much did Spare raise?
- Spare raised C$10 Million in a Funding Round round on June 4, 2024.
- Who invested in Spare?
- Services Financiers Innovation Cibc is named as investors in this round.
- What does Spare do?
- Spare is the AI-powered mobility management platform.
- Who are the decision-makers at Spare?
- Fundz holds 2 contacts at Spare. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Health Care around the same time
Companies in the same sectors as Spare that raised within 45 days of this round, from Fundz verified event records.
- MedReddie raised $782K (Pre-Seed) on July 12, 2024.
- Bionano Genomics raised $20M on July 8, 2024.
- Healthtech 1 raised $3.5M (Funding Round) on July 8, 2024.
- Adonis raised $31M (Series B) on June 25, 2024.
- CUREOSITY raised $4.1M (Funding Round) on June 24, 2024.
- RedSail Technologies raised an undisclosed amount on June 15, 2024.
Who to call at Spare, and when
A new round usually means Spare is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Spare raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Spare, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Spare. With Fundz connected, it knows.
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Fundz sees it the moment Spare raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Spare raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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