Mobile Ticketing Solution Masabi Raises $2.8M To Help Transit Agencies Move To The Cloud, Opens New York Office

Masabi, which develops and deploys mobile ticketing technology for the transport sector, has raised a further $2.8 million in a new round of funding from Detroit-based?Fontinalis Partners, along with London-based?MMC Ventures?and existing investor?m8 Capital. The new capital will be used by the UK company to "accelerate" transit agency deployments in the U.S.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/BzxH7Mx07WI/

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