Gemini Invests in TranzMate Series A Round
TranzMate, which has developed a social mobile navigation application aimed at users of public transportation, today announced that it has closed its Series A round of funding of $3.5 million from Gemini Israel Funds and BRM Group.
Last month TranzMate launched a beta version of its mobile application for the iPhone and Android mobile platforms.
The application capitalizes on crowdsourcing technology to facilitate public transportation users to plan their routes from every destination point within Israel. TranzMate delivers real-time information from public transportation operators regarding estimated arrival times of buses to a target bus stop, and calculates estimated walking distance and time between said stops. Events such as delays or other unexpected occurrences that could hinder the flow of transportation are also provided in real-time by the operators.