Velocia Raises $2.5M in Funding

Velocia, a Toronto, Canada-based software-as-a-service (SaaS) provider for a mobility rewards platform, raised $2.5m in growth funding.

WindSail Capital Group made the investment.

Led by David Winterstein, CEO, Velocia Velocia is a SaaS mobility rewards platform designed to incentivize and reward people for their daily commutes. It uses rewards to encourage people to get out of single-occupant vehicles and into any other form of transit – both public and MaaS – with a mission to improve the way people get around in their cities. The company has been operating in Miami-Dade County, working with transit and mobility-as-a-service (MaaS) partners since 2019. Last year, Velocia started a new partnership with Bytemark, a payment and fare software provider, to support the Transit Go Rewards platform with the Seattle Department of Transportation and King County Metro.

WindSail Capital Group joined existing investors, including Toyota Tsusho Canada and Techstars Ventures Fund.