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First Round Uber. Consumer Transportation Technology VC Investing Tops $100 Million. Investment activity up over 50% vs last year with more than 87% at seed, angel and Series A stages.

Consumer Transportation Technology VC Investing Tops $100 Million

Prominent venture firms including Accel, Atomico, General Catalyst, Union Square Ventures and Redpoint have all already made bets on this emerging space. Mobile and online software focused on helping you get from here to there or Consumer Transportation Tech is an increasingly hot area for investment. Although the funding to transportation tech in the last year (just over $100 million) is relatively small compared to other sectors (big data or ed tech for example), this potentially very large market has already seen many of the top VCs jump into the fray. e-Hailing app Uber has Benchmark Capital, First Round Capital, Goldman Sachs and others betting on it while it’s cross-pond rival and competitor Hailo has Accel Partners, Atomico and Union Square Ventures.