While the app has proved popular with users, Citymapper has been slow to monetise its service. Super Duper Pass From 42 / week Tube, DLR, OG Bus Rail Unlimited public transport Pay as you go in other zones across London 10 weekly credit Spend it on. Citymapper was not required to report its revenues. The company reported it had around £5.3m cash and other reserves remaining, down from £12.5m. It was valued at around $326m in its last funding round in 2016. It reported a loss of £6m the year before.Ĭitymapper, known for its distinctive bright green app, has raised around $50m (£40m) from investors including venture funds Index Ventures and Balderton Capital. Citymapper CLUB 2.99 Citymapper CLUB 19.99 Citymapper CLUB+ 99.99 Developer Website App Support License Agreement Privacy Policy Supports Wallet Get all of your passes, tickets, cards, and more in one place. The loss-making business, founded in 2011 by former Google employee Azmat Yusuf, develops the Citymapper app, one of London's best-known start-ups that lets users find public transport options in dozens of cities and book ride-hailing services, and it has recently launched a travelcard in the capital.Īccounts for Citymapper show the firm’s total accumulated losses until December 2018 topped £21.8m, up from accumulated losses of £13.1m the previous year, a loss of £8.7m over 12 months. The key selling point of Citymapper Pass is that it can work out significantly cheaper than Oyster: a 31 weekly Citymapper Pass offers identical benefits to TfL's Zone 1-2 weekly travel card. London travel start-up Citymapper’s accumulated losses have ballooned to £21m as it hunts further funds in a move to make money from its popular transport app.
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