Joyride Raises $3.7M in Funding


Joyride, a Toronto, Canada-based global micromobility software platform provider, raised US$3.7M in funding.

The round was led by Proeza Ventures and Urban Innovation Fund, with participation from Liil Ventures, Two Small Fish Ventures, co-founded by Eva Lau and Wattpad Co-founder Allen Lau, and former Shopify Chief Product Officer Craig Miller of Something Good Ventures.

The company intends to use the funds to make strategic hires for software, marketing, sales and customer success roles across its offices in Toronto and Europe, attract new customers in thousands of markets and provide existing operators with more solutions customized to their city-focused and private fleet needs.

Founded in 2014 by CEO Vince Cifani, Joyride is a SaaS provider that streamlines scooter-share and bike-share management through an all-in-one platform. The company simplifies how businesses launch and scale their mobility rentals, providing entrepreneurs and enterprise companies in 160-plus global markets with immediate solutions that include a branded rider app, backend analytics, multimodal vehicle integrations and insurance access.