Summer of '69: Software maker RideScout expands nationally

Jun 10, 2014
Austin Business Journal

RideScout LLC, an Austin startup that makes an app to connect consumers with transit options, has shifted into overdrive with an expansion to 69 cities

With the expansion, the company has launched what it calls its “summer of 69.” Previously, the company was operating in just five U.S. cities. The free mobile application now includes 337 transportation services designed to enable 186 million people to search for ride options in all the cities, according to a Monday news release

RideScout, which employs 11 workers, including six in Austin, developed a mobile application designed to provide users with information about various transportation options and related information

The company was founded in 2011 at the Austin Technology Incubator as GoingMyWay and changed its name in 2012

It launched its first full-scale operation in Washington, D.C., in November 2013. In February, RideScout reported raising $1.5 million of a planned $2.7 million financing from 70 investors, according to a filing with the U.S. Securities and Exchange Commission. The filing was an update to a 2012 filing in which the company reported receiving nearly $343,000 from 21 investors

CEO Joseph Kopser told the ABJ that the funding was crucial to entering appealing markets such as Houston, San Francisco, New York City and Boston

Print Article opens in new window