Press Release
Migo, the Leading Search App for On-Demand Rides, Raises $9 Million in Series A Funding

Migo, the Leading Search App for On-Demand Rides, Raises $9 Million in Series A Funding

Investment from Enterprise Holdings, Hyundai Motor Company and Others Helps Migo Expand Discovery Services for Consumers and Partners (incl. Uber, Lyft, Car2Go, Lime,Yellow Cab)

Seattle, WA (Sept. 6, 2018) – Migo, the free mobile app for on-demand rides and a leader in Mobility-as-a-Service (MaaS), has received $9 million in Series A funding from institutional and strategic investors, with the round led by Steadfast Venture Capital in New York. New investors include Clayton Venture Partners, the venture capital arm of Enterprise Holdings Inc., Hyundai Motor Company, and Thayer Ventures. Existing investors including Second Avenue, Via-ID, Rolling Bay Ventures, Bridge 37, plus several Seattle-based angel investors also invested in the round.

Migo launched in September, 2017 and was the first app available in the U.S. that allowed users to discover and hail multiple modes of personal transportation without having to jump from one app to another, and now includes Uber, Lyft, Car2Go, Yellow Cab, Lime, public transportation and more. For customers, Migo opens up the world of transportation options with an incredibly simple way to discover and find the best ride for them whenever they are and whenever they need it.

For transportation partners, Migo is a customer acquisition platform to help new and existing customers discover and engage with their brand at the moment that they are in need of getting from A to B.

Migo for iPhone launched in the App Store with an initial focus on Seattle and Portland, and has since expanded to be used in 75 cities across North America, including Washington DC, Los Angeles, Chicago, New York, Miami, Denver, Atlanta, Boston and more. In addition to continually expanding ride partners and Migo cities, the company has also worked to deliver new features to personalize the ride experience even more for their growing base of more than 75,000 users.

“Since launching last year, we have slowly and carefully built out Migo’s service coverage market by market, and tested the core proposition that people enjoy and value multi-modal choice in transportation. Migo’s repeat rates and growing ride rates across all types of mobility prove that Migo is a product that people want. At the same time, we’ve worked hard to gain the trust of our partners,” said Jeff Warren, founder and CEO of Migo. “The rate at which Migo has created new customers and engagement for our partners has exceeded expectations.”

Warren added, “Since beginning to work on Migo in 2016 we’ve seen the personal transportation market explode as car manufacturers, bike companies, scooter businesses and every type of transportation company jump into the Mobility-as-a-Service (MaaS) space. We know from our data that brands matter in the MaaS space, but also that people move around and are interested in easily finding solutions that are appropriate to them ‘right now.’ Migo satisfies the needs of these consumers.”

The world’s largest car rental company – which operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands – concurs with that customer-centric strategy. “We see this as a strategic investment in an innovative company that’s providing real value to consumers in a crowded mobility marketplace,” explained Enterprise Holdings Chief Executive Officer Pamela Nicholson. “We are pleased to support Migo, and its cutting-edge MaaS app, so that more and more customers will be able to identify and book multiple modes of ground transportation with minimal friction.”

Migo is currently available on iPhone in the app store and in a limited beta (Seattle only) on Android. Visit www.getmigo.com or download on the App Store for iPhone and sign up for alerts to hear when when Migo launches new partners and services in additional cities.

About Migo

Migo is your free app for discovering new and existing ways to get from A to B without having to jump from app to app. Migo helps riders discover the right ride, at the right time – with options ranging from rideshare, carshare, taxi, and bikeshare, to specialty transport and public transportation. We’re not a new transportation company – we help you discover your best ride. Migo - Find Your Ride!™

Migo is your free app for discovering new and existing ways to get from A to B without having to jump from app to app. Migo helps riders discover the right ride, at the right time – with options ranging from rideshare, carshare, taxi, and bikeshare, to specialty transport and public transportation. We’re not a new transportation company – we help you discover your best ride. Migo - Find Your Ride!™

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