Moovit Acquisition, Valuation, Funding & Investors
Moovit was acquired by Intel for $915M in May 2020.
Cumulative funding Moovit raised
$128M
across 3 funding rounds
Key investors in Moovit
Sequoia Capital
Gemini Israel Ventures
BRM Capital
NGP Capital
Vintage Investment Partners
BMW i Ventures
LVL1 Group
Intel Capital
About Moovit
Moovit is a Tel Aviv-headquartered Mobility as a Service provider and operator of a leading urban transit app. Covering more than 2700 cities across 86 countries, the app supports 44 languages on iOS, Android, and web platforms. It combines public transit operator data with crowdsourced reports from users and over 500000 local editors to deliver real-time routes, congestion updates, and service alerts. Recognized as Google's Best Local App of 2016 and Apple's Best of 2017.
Founded
2012
HQ
Ness ZionaWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Advertising, Subscription
Valuation
$511M (Feb 2018)
Moovit Acquisition
Moovit was acquired by Intel for $915M on 4 May 2020.
Before the acquisition Moovit had raised $128M across 3 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 4 May 2020 | Strategic M&A | $915M |
Moovit Valuation
Moovit is currently valued at $511M, based on its Series D in February 2018.
The $50M round was led by Intel Capital, with participation from Sound Ventures, Vintage Investment Partners, Hanaco Venture Capital, NGP Capital, Sequoia Capital and 4 other investors.
Moovit's valuation has grown 1.1x from $450M at its Series C in January 2015 to $511M in February 2018, across 2 priced rounds.
Moovit valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2018 | Series D | $511M |
| Jan 2015 | Series C | $450M |
Moovit Funding History
Moovit has raised a total of $128M across 3 funding rounds.
Moovit's first fundraising round was a $28M Series B in December 2013. The most recent completed round was a $50M Series D in February 2018.
Moovit funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2018 | Series D | Intel Capital (lead); Sound Ventures; Vintage Investment Partners; Hanaco Venture Capital; NGP Capital; Sequoia Capital; BMW i Ventures; BRM Capital; Gemini Israel Ventures; LVL1 Group | $50M | $511M | Moovit, an Israeli public transit company, raised $50 million in a Series D funding round on February 21, 2018, led by Intel Capital, with participation from all prior investors including Sequoia Capital, BMW i Ventures, NGP Capital, BRM Capital, Gemini Israel Ventures, Sound Ventures, Vintage Investment Partners, Vaizra, and newcomer Hanaco Venture Capital or LVL1 Group. The app provides real-time information on the fastest public transportation routes across buses, trains, and subways, serving 120 million users in 2,000 cities across 80 countries at the time. As part of the deal, Mobileye—an Intel subsidiary acquired for $15.3 billion—partnered with Moovit to integrate its public transport data into Mobileye's navigation system for autonomous vehicles, with Mobileye CEO Amnon Shashua joining Moovit's board as an observer. The funding brought Moovit's total capital raised to approximately $131-133 million. Proceeds were earmarked for expanding the global sales team, enhancing consumer products to support user growth, and investing in its Mobility as a Service (MaaS) platform and data analytics for urban mobility improvements. Moovit projected surpassing 1 billion users by 2021 and expanding city coverage. Intel's involvement built toward its 2020 acquisition of Moovit for $900 million (approximately $840 million net of its prior investment), integrating it with Mobileye to advance full-stack mobility solutions, predictive technologies, and congestion reduction. At acquisition, Moovit had grown to significant scale with 200+ employees and partnerships like Microsoft and TomTom, achieving a seven-fold user increase in two years post-Series D. |
| Jan 2015 | Series C | NGP Capital (lead); Vintage Investment Partners; Jerusalem Global Ventures; Sequoia Capital; Groupe Arnault; BMW i Ventures; Keolis; BRM Capital; Gemini Israel Ventures; Rainfall Ventures; LVL1 Group; Oren Zeev | $50M | $450M | Moovit, an Israeli startup developing a public transit app for urban mobility, raised $50 million in a Series C funding round on January 14, 2015, led by NGP Capital (formerly Nokia Growth Partners) with participation from BMW i Ventures, Keolis, Sequoia Capital, Bernard Arnault Group (Groupe Arnault), Vaizra Investments (likely Vintage Investment Partners), BRM Capital, and Gemini Partners. The round valued the company at $450 million post-money. At the time, Moovit had 15 million users across cities like Sao Paulo, Madrid, Barcelona, Rome, Milan, New York, and LA, competing with apps like Citymapper. The app provides real-time public transport navigation, combining various transit options and tracking user positions for live data feedback, similar to Waze but focused on public transportation. Integrations included taxi services like GetTaxi in Israel and Lyft in the US. Monetization strategies outlined by CEO Nir Erez included premium services, targeted ads, and ticket sales once scaling to hundreds of millions of users. Moovit continued raising capital post-2015, including another $50 million in February 2018 led by Intel Capital, bringing total funding to around $131 million, with growth to 120 million users in 2,000 cities across 80 countries. The company was ultimately acquired by Intel for $900 million in 2020, leveraging partnerships like with Mobileye for advanced urban mobility solutions. |
| Dec 2013 | Series B | Sequoia Capital (lead); BRM Capital; Gemini Israel Ventures | $28M | - | Moovit is an Israeli public transportation crowdsourcing app designed to reduce uncertainty in transit by aggregating real-time data from user-contributed information. The app recommends optimal public transit routes by analyzing user-generated reports and real-time data, functioning similarly to Waze for public transportation. In December 2013, Moovit closed a $28 million Series B funding round led by Sequoia Capital, with participation from prior investors BRM Group and Gemini Israel Ventures. At the time of this round, the company had accumulated 3 million registered users across 100 cities, with hundreds of thousands active daily. The platform had processed over 1 billion requests for real-time information and generated more than 10 million user-contributed reports daily. CEO Nir Erez explicitly stated the company was not generating revenue at this stage, as the development team remained focused on growth and technological scaling rather than monetization. The funding was earmarked for expansion into Asia, technology development, and backend data analytics improvements. Moovit's investor base included prominent venture firms and strategic advisors; Waze co-founder Uri Levine sat on the board, and Gili Raanan from Sequoia joined as a board representative with this round. The company would subsequently raise $50 million in Series C funding in 2015 (led by Nokia Growth Partners) and $50 million more in February 2018 (led by Intel Capital) before Intel acquired the company in 2020 for $900 million. |
Who has invested in Moovit?
15 investors have backed Moovit across its funding rounds, including Sequoia Capital, Gemini Israel Ventures, BRM Capital, NGP Capital, Vintage Investment Partners and BMW i Ventures.
Lead investors include Intel Capital, NGP Capital and Sequoia Capital.
Moovit Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 3 | Lead | Dec 2013 | |
| Tel Aviv | 3 | Participant | Dec 2013 | |
| Herzliya | 3 | Participant | Dec 2013 | |
| Herzliya | 2 | Participant | Jan 2015 | |
| San Francisco, CA | 2 | Lead | Jan 2015 | |
| San Francisco, CA | 2 | Participant | Jan 2015 | |
 Limassol | 2 | Participant | Jan 2015 | |
| Los Angeles, CA | 1 | Participant | Feb 2018 | |
| Jerusalem | 1 | Participant | Jan 2015 | |
| Tel Aviv | 1 | Participant | Feb 2018 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Groupe Arnault |  Paris | 1 | Participant | Jan 2015 |
| Paris | 1 | Participant | Jan 2015 | |
| Los Angeles, CA | 1 | Participant | Jan 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMoovit Competitors
Moovit competitors include listed companies like Ryde Group, TomTom, WiseTech Global and Kingwaytek Technology, and private ones like GO and Scoop.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Tokyo | Private | - | - | $985M | - | |
| San Francisco, CA | Private | - | - | $250M | - | |
 Singapore | Publicly listed | $10M | ($13M) | $126M | - | |
 Netherlands | Publicly listed | $639M | $18M | $560M | 0.5x | |
 Australia | Publicly listed | $779M | $315M | $7.6B | 6.8x | |
 Taiwan | Publicly listed | $17M | $4M | $101M | - |
Moovit Public Comps
Moovit is no longer listed, but its public comps include JSTI, Jiangsu Tongxingbao, Beijing eGova, GuoChuang Software, Keytop Parking, e-Hualu, CaoCao, Guotai Epoint Sofware, Ituran Location & Control and Queclink.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $3B | $51M | 0.6x | 0.6x | 35.8x | 33.9x | |||
| $274M | $14M | 1.3x | 1.4x | 26.2x | 25.3x | |||
This data is available for Pro users. Sign up to see all Moovit competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Moovit
| When was Moovit founded? | Moovit was founded in 2012. |
| Where is Moovit headquartered? | Moovit is headquartered in Ness Ziona, Israel. |
| Is Moovit publicly listed? | No, Moovit was acquired by Intel in May 2020. |
| Who acquired Moovit? | Moovit was acquired by Intel in May 2020. |
| How much was Moovit acquired for? | Moovit was acquired for $915M in May 2020. |
| What is Moovit's valuation? | Moovit was last valued at $511M in its Series D in February 2018. |
| How much funding has Moovit raised? | Moovit has raised $128M across 3 funding rounds. |
| What was Moovit's last funding round? | Moovit's last funding round was a $50M Series D in February 2018, led by Intel Capital. |
| Who are Moovit's investors? | Moovit's investors include Sequoia Capital, BRM Capital, Gemini Israel Ventures, Vintage Investment Partners, NGP Capital, BMW i Ventures, LVL1 Group, Sound Ventures, Jerusalem Global Ventures, Hanaco Venture Capital and 5 others. |
| Which companies are comparable to Moovit? | Companies comparable to Moovit include GO, Scoop, Ryde Group, TomTom, WiseTech Global and Kingwaytek Technology. |
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