Spare
PrivateLast Round
Series B
Sep 10, 2024
Total Funding Raised
$64.98M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Spare operates in Mobility, Transportation & Logistics and is based in Vancouver. Its latest recorded funding round was a Series B round in September 2024.
Spare is a software company that provides an AI-native transit operations platform for transit agencies to launch, operate, and manage on-demand shared mobility, paratransit, and fixed-route services.
Sector
Mobility, Transportation & Logistics
Verticals
Public Transit, Route Optimization, Fleet Management, Vertical SaaS
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Spare Comparables
Compare Spare with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| RideCo On-Demand Transit | 92% | |
| The Routing Company | 89% | |
| Via | 83% |
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Spare Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Sep 10, 2024 | ||||
| Debt | Jun 4, 2024 | ||||
| Series A | Nov 30, 2021 | ||||
| Seed | Apr 30, 2019 |
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Key People
Founding team and executive leadership
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Spare Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| TransLink Capital | Series A |
| Nicola Wealth | Series A, Series B |
| Inovia Capital | Series A, Series B |
| Japan Airlines Ventures, Inc. | Series A |
| CIBC Innovation Banking | Debt |
| Link Capital | Series A |
| Kensington Capital Partners | Series A, Series B |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 9, 2026
Rebuilt 'Fare Rules V2' for complex fare structures.
- Apr 9, 2026
Partnered with Goodlawyer for recruitment services.
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Recent news
Latest coverage and updates
- launchesOct 2, 2026
Spare is expanding Spare AI beyond transit operations with a platform that connects data, institutional knowledge and workflows across transit agencies and cities.
- launchesSep 10, 2026
On Sep 10th '26 in Canada, Spare launches Spare technology that brings online booking and real-time trip tracking to handyDART riders in Chilliwack and the Central Fraser Valley.
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Spare Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Spare's valuation, stock price, and market status.
Is Spare a public or private company?
Spare is a private company.
What is the current stock price of Spare?
Spare is a private company, so its shares have no public market price. Caplight tracks Spare's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Spare worth (valuation)?
Valuation information for Spare is not publicly available.
Can I buy Spare stock?
Spare shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Spare's last funding round?
Spare's most recent funding round was Series B on September 10, 2024.
Who are the main investors in Spare?
Key investors in Spare include Inovia Capital, CIBC Innovation Banking, Mitsubishi Corporation.
Will Spare IPO soon?
No public IPO plans have been announced for Spare.
How can I track Spare secondary market activity?
Caplight tracks bids, offers, and trades in Spare's shares on secondary markets.