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South African mobility startup WhereIsMyTransport has ceased its operations due to an inability to secure the necessary funding to continue its mission.
Founded in 2016, WhereIsMyTransport operated as a significant big data platform for sustainable mobility in emerging markets, aggregating and integrating data to create an open data platform.
Their solutions served cities, transportation operators, and passengers, offering coordinated and monitored services, system integration, and user access through various endpoints.
The company, which had a presence in South Africa and Mexico, had previously secured substantial funding, including a US$14.5 million Series A extension round, bringing their total funding to over US$27 million.
However, the founder, Devin de Vries, announced the closure of the company, describing it as the “journey’s end” after being unable to secure further capital.
WhereIsMyTransport joins the list of well-regarded and well-funded African startups that have closed in recent times due to a global venture capital market facing liquidity challenges.
The shutdown followed the company’s failure to raise the necessary funding, bringing an end to its mission of “empowering people everywhere to get where they want to go.”
