September 15, 2025
Tech News
Investors approached the IPO of transit software startup Via with a degree of caution. Opening below the anticipated price of $46 per share, Via’s stock eventually climbed to just over $49, concluding the trading day with a valuation of approximately $3.9 billion. The revenue raised from the IPO stood at about $492.9 million.
The company, established in 2012, has continuously enhanced its on-demand routing algorithm, leveraging real-time data to efficiently deploy microtransit shuttles. Via now provides its technology to 689 cities and transit agencies. CEO Daniel Ramot indicated a focus on growth, sales, and potential acquisitions using the IPO proceeds.
Despite the successful IPO, Via reported a net loss of $37.5 million during the first half of 2025, signaling that profitability is on the horizon, though still a work in progress. Revenue for the same period was approximately $205.7 million, with expectations set to reach $429 million for the full year, reflecting a year-over-year increase of roughly 30%.
In other news, TechCrunch Disrupt 2025 is set to take place in San Francisco from October 27 to 29. A crucial session on October 29 will feature industry leaders discussing strategies for securing late-stage capital. Founders are encouraged to leverage insights from experts on building relationships and presenting compelling narratives to investors.
Prominent speakers at this session include Andrea Thomaz, CEO of Diligent Robotics, who will share her insights on gaining investor trust within AI-driven industries. Additionally, Zeya Yang from IVP and Lila Preston, from Generation Investment Management, will provide perspectives on scaling AI-native startups and impact-focused companies, respectively.
Attendees can secure their places at TechCrunch Disrupt 2025 with savings of up to $668 if they register by September 26. With over 10,000 startup and venture capital leaders expected, the event promises invaluable insights into future trends and funding strategies.
Tech Explained
IPO – An Initial Public Offering is a process through which a private company offers shares to the public for the first time. This allows companies to raise capital by selling equity in exchange for investments that can be used for growth and operational expenses.
Microtransit – Microtransit refers to a flexible transit service that carries passengers using smaller vehicles, often in a shared capacity. It leverages technology to optimize routes and schedules based on demand, thereby improving accessibility in urban settings.
Routing algorithm – A routing algorithm determines the most efficient path for data or vehicle movement within a given network. In the context of Via, this algorithm utilizes real-time data to strategically deploy shuttles where demand is highest.
Venture Capital – Venture capital is a form of private equity financing that investors provide to startup companies and small businesses with perceived long-term growth potential. This funding supports young companies in scaling their operations and entering new markets.
Impact Investing – Impact investing refers to investments made with the intent to generate positive social or environmental impact alongside financial returns. This approach aligns finance with social goals, as illustrated by companies focusing on underserved communities or sustainability initiatives.
