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

Led by WindSail Capital Group a US-based private equity firm that focuses on financing energy innovation and sustainability, joined by existing investors, including Toyota Tsusho Canada and Techstars Ventures Fund.

With WindSail beside us, Velocia is well-positioned to grow and provide transit agencies, DOTs, and mobility service providers with a rewards platform that drives ridership and customer engagement- David Winterstein, CEO of Velocia.

Company: Velocia, Inc.

Raised: $2.5M

Round: Unknown 

Funding Month: Aug 2022

Lead Investors: WindSail Capital Group

Additional Investors: Toyota Tsusho Canada and Techstars Ventures Fund

Company Website: https://velocia.io/

Software Category: SaaS mobility rewards platform

About the Company: Velocia is a SaaS mobility rewards platform designed to incentivize and reward people for their daily commutes. Velocia 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. Velocia has experience working with public transit agencies, MaaS operators, and municipalities. 

Source: https://www.prnewswire.com/news-releases/velocia-secures-2-5-million-from-windsail-capital-to-accelerate-growth-of-its-mobility-rewards-platform-301598213.html