Remix, the startup that developed mapping software program utilized by cities for transportation planning and avenue design, was born out of a hackathon throughout a Code for America fellowship. Nearly seven years later, the San Francisco-based startup is being acquired by Via for $100 million in money and fairness.
Remix will turn into a subsidiary of Via, an association that may let the startup preserve its unbiased model. Remix’s 65 staff and two of its co-founders — CEO Tiffany Chu and CTO Dan Getelman — will keep on.
The acquisition provides yet one more service to Via’s ever-expanding enterprise in addition to buyer base of greater than 350 native governments in 22 nations.
Remix’s energy is in planning, whereas Via brings experience in software program and operations, Chu stated in a current interview.
“By having these two strengths come collectively, we could be a lot stronger as an end-to-end answer — from the preliminary genesis of this concept round transportation planning and carrying that by means of to operations — in a means that we, individually, wouldn’t have been in a position to obtain in any other case,” Chu stated.
Via began as a on-demand shuttle operator in 2012. The firm, which final 12 months hit a $2.25 billion valuation after elevating $400 million in a Series E spherical, has developed from its preliminary consumer-facing focus.
Today, Via’s core enterprise is its software program and operations platform, which is utilized by cities and transportation authorities to plan, schedule and deploy their very own on-demand and glued route transit, paratransit and faculty buses. Via has 200 companions in 24 nations.
Via is backed by Exor, the Agnelli household holding firm that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles in addition to Macquarie Capital, Mori Building, Shell 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures.
Remix’s Silicon Valley-esque origin story was pushed by some unlikely entrepreneurs.
Chu had been a person expertise designer at Zipcar when she moved to San Francisco to finish a one-year fellowship with Code for America. In the center of the fellowship, Chu alongside her eventual co-founders Getelman, Sam Hashemi and Danny Whalen had been engaged on a hackathon venture that to assist residents of San Francisco counsel higher transit routes to the San Francisco Municipal Transportation Agency.
The transportation planning software was shared on Twitter and it went viral. Within two weeks, 30,000 maps had been created.
“It grew to become this humorous, surprising armchair transportation planning software that individuals explored on-line,” Chu recalled. But it wasn’t simply the native citizenry who took discover. About 200 city planners reached out, asking the workforce to construct further options that may very well be utilized by companies for their very own transportation planning tasks.
“It was type of a thoughts blowing second for us once we realized the venture that was alleged to be a grassroots type of civic venture truly had implications round fixing actual wants and issues in transportation,” Chu stated.
Remix was based shortly after and the corporate’s founders utilized and had been accepted into Y Combinator. The firm went on to raise a complete of $27 million in investments from Y Combinator, Sequoia and Energy Impact Partners.