Spare
PrivateLast Round
Series B
Sep 10, 2024
Total Funding Raised
$64.98M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Spare is a software company that provides an AI-native transit operations platform for transit agencies to launch, operate, and manage on-demand shared mobility, paratransit, and fixed-route services.
Sector
Mobility, Transportation & Logistics
Verticals
Public Transit, Route Optimization, Fleet Management, Vertical SaaS
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Spare Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Spare Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Sep 10, 2024 | ||||
| Debt | Jun 4, 2024 | ||||
| Series A | Nov 30, 2021 | ||||
| Seed | Apr 30, 2019 |
Key People
Founding team and executive leadership
Spare Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| TransLink Capital | Series A |
| Nicola Wealth | Series A, Series B |
| Inovia Capital | Series A, Series B |
| Japan Airlines Ventures, Inc. | Series A |
| CIBC Innovation Banking | Debt |
| Link Capital | Series A |
| Kensington Capital Partners | Series A, Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 9, 2026
Rebuilt 'Fare Rules V2' for complex fare structures.
- Apr 9, 2026
Partnered with Goodlawyer for recruitment services.
Spare Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Spare's valuation, stock price, and market status.