Transportation Startup Remix Raises $15M Series B Round

The leader on the funding round, Energy Impact Partners, specifically pointed to new mobility options like shared, electric scooters as a reason for backing Remix. The company serves more than 300 cities.

by / February 28, 2019

Remix, a tech startup that offers data and planning tools for public transportation officials, has raised $15 million in investment.

The Series B round, led by Energy Impact Partners with participation from Sequoia Capital, brings Remix’s total funding up to $27 million, according to Crunchbase. The company didn’t get into specific plans for how it will use the influx of money, but it did use a blog post announcing the round to outline the challenges it sees facing its customers — chiefly, the need to be ready despite not knowing how self-driving vehicles, ride-sharing, bike- and scooter-sharing and a host of other technologies might change things.

“The short answer is that we’ll use the money to continue investing in our technology and our team, maintaining our focus on the needs of cities and continuing to solve pressing challenges in the transportation industry,” CEO Sam Hashemi wrote in the post.

The company offers a variety of software-as-a-service products designed to help governments do things like design streets, plan transit routes and keep an eye on how people are using new options like electric scooters. More than 300 cities around the world have used the company’s technology, according to its website. They include King County, Wash.; Hillsborough Area Regional Transit in Tampa, Fla.; and the transit agency in the city of Rochester, Minn.

In a separate blog post, EIP Senior Vice President of Research and Strategy Shayle Kann specifically pointed to new mobility options as a major reason for investing in Remix.

“These new forms of mobility are exciting, and offer the promise of a multimodal, cleaner, efficient urban transportation future,” he wrote. “But the opposite is also possible. Without oversight, it’s easy to imagine scooters blocking sidewalks, ridesharing causing even more congestion, and public transit ridership slowly but consistently declining.”