January 15, 2015 | The Israeli public transportation navigation app Moovit confirmed reports that it raised $50 million. As the company’s CEO Nir Erez told ‘VentureBeat,‘ Moovit will use the funds to “refine and expand product features, and to grow our community of users globally.” To date, what the ‘Wall Street Journal’ dubbed the “Waze for public transit” has raised $31.5 million in funding. Interesting investors participated in the company’s Series C round, including BMW i Ventures, Nokia Growth Partners, Keolis, Bernard Arnault Group and Vaizra Investments, together with BRM Capital, Gemini Partners and Sequoia Capital.
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