Spare Labs Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Spare Labs Inc. - overview
Established
2015
Location
Vancouver, BC, Canada
Primary Industry
Software
About
Based in Vancouver, British Columbia Canada, and founded in 2015 by co-founders Kristoffer Hansen (CEO), Josh Andrews, and Alexey Indeev, Spare Labs Inc. operates as a provider of transportation solutions, offering ADA paratransit and microtransit services to public and private transit agencies globally. In September 2024, Spare Labs Inc. raised CAD 42 million in series B funding led by returning investor Inovia Capital, with participation from other returning investors Kensington Capital Partners and Nicola Wealth Management.
The company provides a wide range of transit technology solutions, such as Spare Launch, Spare Realize, Spare Analyze, Spare Engage, Spare Rider, Spare Driver, and Spare Open Fleets. These products support various transit needs, including microtransit, paratransit, safe rides, transit planning, and non-emergency medical transportation (NEMT). Additionally, the firm also provides services such as operational analytics, real-time data access, and customizable mobility solutions. The company plans to use the September 2024 funding to expand its global reach, improve riders' service quality, and expedite the development of its AI-driven platform.
Current Investors
Mitsubishi, Inovia Capital, Ridge Ventures
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Logistics Software
Website
www.sparelabs.com
Verticals
Cloud Computing
Company Stage
Series B
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.