Balderton leads $10m series-A round for Citymapper

The capital will be used to expand the number of cities covered by Citymapper - currently limited to London, New York, Paris and Berlin - and to recruit new employees.

Capital for the deal was drawn from Balderton's fifth fund, set up specifically to invest in series-A rounds for European technology companies. Balderton V closed recently on $305m after launching in May 2013, according to documents filed with the US Securities and Exchange Commission.

Connect Ventures, Index Ventures and Greylock Partners also joined the round alongside a number of angel investors.

Balderton stated that it had been monitoring Citymapper since 2011, when the app was called Busmapper. The VC was attracted by the product's specific focus on public transport, its functionality and distinctive design.

In March this year, Balderton led an $8m series-B investment in hotel recommendation website Top10.com, drawing capital from its fourth fund.

Company
London-based Citymapper is a mobile app providing real-time navigation information for public transport systems in London, New York, Paris and Berlin. It makes use of GPS functionality and provides shortcuts on a device's home screen to allow users to plan their route home or to work.

The company stated that more than half of all Londoners who owned iPhones have downloaded the Citymapper app.

People
Bernard Liautaud, a general partner at Balderton, led the deal. Bill Earner is a managing partner at Connect Ventures, Robin Klein is a partner at Index Ventures and Laurel Bowden is a partner at Greylock Partners. Azmat Yusuf is the founder and CEO of Citymapper.

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• Topics
• Early-stage
• Technology
• UK / Ireland
• United Kingdom
• Balderton Capital