Coord, a NYC-based mobility data platform, raised $5m in Series A funding.
The round was led by Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi, with participation from Trucks, Urban.Us, DB Ventures and Joshua Schachter. They joined Alphabet’s Sidewalk Labs, a previous investor in Coord.
The company intends to use the funds to scale geographic coverage and build a comprehensive solution to enable enterprise customers to optimize their use of transportation infrastructure such as roads, curbs and parking lots.
Led by Stephen Smyth, CEO, Coord is building a data platform for the mobility market to create a digital infrastructure that allows mobility services to integrate with cities.
The company’s offerings including:
– Shared Vehicle API, which enables users to find bikes and scooters without downloading a separate app.
– Curbs API, to get a digital picture of curb rules, including free and metered parking, loading zones, bus stops, and more.
– Tolls API, to know the cost of any route given an origin, destination, and departure time in a single, standardized format.
– Routing API, to get multi-modal routes that incorporate real-time transit and bike-share availability.
– Parking API, to find parking in off-street lots and garages, and enable users to access gated facilities.