DETROIT, Michigan & DURHAM, North Carolina – January 25, 2018 – Fontinalis Partners, a venture capital firm investing in leading next-generation mobility companies, today announces the successful sale of its portfolio company, TransLoc, to Ford Smart Mobility.
TransLoc is a Durham, North Carolina-based provider of innovative software products oriented around multi-modal transportation and transit. Amongst the company’s full product suite is an industry-leading product that allows cities to launch and operate their own microtransit fleets. Acquiring TransLoc allows Ford to leverage its operational expertise, network of city relationships, and proven track record of providing solutions to cities globally that can improve the rider experience with dynamic routing. The terms of the transaction were not disclosed.
Fontinalis co-led TransLoc’s single Series A fundraising round in March 2016. Since this investment, Fontinalis has been active on TransLoc’s board, helping the company to expand its customer base and further entrench itself as a thought leader and trusted partner in urban mobility.
TransLoc creates technology to solve the biggest problems in transit. The TransLoc suite of products includes Rider mobile app (available in the iOS App Store or on Google Play), RealTime AVL control center, Traveler planning and passenger communication and OnDemand automated demand-response system. To learn more about TransLoc, go to www.transloc.com.
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility. The firm was founded in 2009 and has approximately $170 million of committed capital under management. Fontinalis invests across all facets of mobility on a stage- and size-agnostic basis. More information is available at www.fontinalis.com.