Fundraising Fox

Modeshift

Boston, US · Founded 2019 · Delaware corporation · 1 known investors

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.

MKMiroslav Katsarov
Miroslav KatsarovinFounder · Chief Executive Officer
PIPavel Iliev
Pavel IlievinCTO
KSKonstantin Spasov
Konstantin SpasovinVP of Business Development
BGBorislav Gorov
Borislav GorovinVP of Sales, Europe
LM
Lyubomir MinchevNamed on SEC filing
SS
Simeon SimeonovNamed 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 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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 6

by search overlap
Liftango185 shared keywordsLiftango builds demand-responsive transport (DRT) technology and shared mobility solutions, including carpool, on-demand bus, fixed-route, and microtransit services, along with planning tools for data analysis, demand forecasting, and reporting. Founded in 2016, it serves transport operators and communities on projects across six continents.
25 Shocking Facts About Food Waste167 shared keywordsEarth.Org is an independent environmental news website providing journalism and data visualizations on climate change, energy, pollution, and biodiversity loss. It operates as a collaborative platform funded by donations, with a team of over 100 volunteer contributing writers and data scientists.
Smartcitiesdive164 shared keywordsSmart Cities Dive is a news publication covering urban policy, infrastructure, transportation, housing, and technology developments affecting U.S. cities and local governments. It reports on topics such as federal funding, zoning, transit, climate resilience, and municipal use of AI and autonomous vehicles.
Wri131 shared keywordsThe World Resources Institute (WRI) is a global research organization whose experts and staff work on food and land use, energy, cities, climate, economics, finance, and governance. It operates with over 2,000 staff across more than a dozen focus countries and partners in over 50 nations.
Timeout114 shared keywordsTime Out is a digital media and entertainment guide that curates articles, recommendations, and listings for things to do, restaurants, events, and attractions across hundreds of destinations worldwide.
Amogy111 shared keywordsAmogy develops patented ammonia cracking technology that converts ammonia into electric power for hydrogen fuel cells and engines, targeting decarbonization of heavy industries including transportation and maritime. The company offers modular ammonia-to-power systems and high-efficiency catalysts as alternatives to diesel and hydrogen fuel solutions.

Companies competing with Modeshift for the same Google search keywords, organic and paid, via search-intersection analysis.

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.