Via has filed confidentially for an IPO, moving closer to going public after years of talks. The transit software startup, known for on-demand shuttle services, revealed the filing but left key details under wraps. Number of shares and pricing are still not disclosed.
The company first filed confidentially in 2021 but didn’t follow through on the full process. Now, it says it’s ready to make the jump.
Since launching in 2012, Via has grown from running its own branded shuttles to licensing its routing software to over 650 cities across 30 countries. Its tech uses real-time data to optimize shuttle routes. 
Major cities like San Francisco, New York, Seattle, and London all use Via’s platform. It also serves smaller markets like Arlington, Texas and Sioux Falls, South Dakota.
In 2023, the startup raised $110 million at a $3.5 billion valuation. Total funding to date hits $1 billion from investors including BlackRock, Shell, Macquarie Capital, and 83North.
The company’s co-founder and CEO, Daniel Ramot, previously told TechCrunch that early city interest was low, but the platform has since gained major traction thanks to its data-driven routing.
Details on the IPO timeline and offering remain under wraps for now.
Read the full confidential filing here.
