Canadian public transportation app Transit, formerly known as Transit App, has obtained $2.4 million in follow-on financing, according to a post on the company’s blog.
New investors Accel Partners and Accomplice invested in the round, as did existing backers Real Ventures and BDC Capital.
Montréal-based Transit, founded in 2012, said it wants to use the round’s proceeds to invest in its technology and enhance the precision of its real-time transit data.
Transit announced its latest fundraising with the launch of version 4.0 of its app.
Photo courtesy of Transit