Fundraising FoxModeshift
Boston, US · Founded 2019 · Delaware corporation · 1 known investors
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Modeshift provides a cloud-based (Microsoft Azure) SaaS platform for public transit agencies, offering fare collection, mobile ticketing, EMV open-loop payments, RTPI, CAD/AVL integration, hardware, and analytics. It focuses on small and mid-sized cities, serving transit operators in the US and two EU countries.
Founders & leadership
Modeshift was founded in 2019 by Miroslav Katsarov.
PI
Pavel IlievCTOPavel Iliev co-founded Modeshift in 2017, a SaaS platform for public transit agencies offering fare collection, mobile ticketing, and real-time passenger information. Previously, he led a 90-person engineering organization at Progress/Telerik, overseeing the transition from on-premise to cloud-native SaaS development.
KS
BG
LM
Lyubomir MinchevNamed on SEC filing
Investors · 1
Reported raises · per SEC filings
Form D private placements$1.3M disclosed across 1 round · 2022
▶$1.3MraisedJun 2022 · 2 investors · Other TechnologyRule 506(b)
▶$1.3MraisedJun 2022 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Miroslav KatsarovExecutive Officer, Director
- Lyubomir MinchevDirector
- Simeon SimeonovDirector
- Offering amount
- $2.5M
- Amount sold
- $1.3M
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Frequently asked questions
- What does Modeshift do?
- Modeshift provides a cloud-based (Microsoft Azure) SaaS platform for public transit agencies, offering fare collection, mobile ticketing, EMV open-loop payments, RTPI, CAD/AVL integration, hardware, and analytics. It focuses on small and mid-sized cities, serving transit operators in the US and two EU countries.
- Who founded Modeshift?
- Modeshift was founded by Miroslav Katsarov in 2019.
- Who are Modeshift's investors?
- Modeshift's investors include Urban Impact Ventures.
- How much funding has Modeshift raised?
- Modeshift has disclosed $1.3M raised across 1 round.
- Where is Modeshift headquartered?
- Modeshift is headquartered in Boston, US.