m8 Capital injects $2m into Masabi

The funding will help support the commercial deployment of the company's ticketing systems and enable it to increase operations overseas.

The private equity group was impressed by the firm due to its mass market appeal and potential to remove the inconvenience of buying a train ticket for consumers.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

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• UK / Ireland
• Consumer
• Early-stage