When was Spare founded?

Spare was founded in 2015 and raised its 1st funding round 6 years after it was founded.

Where is Spare located?

Spare is headquartered in Vancouver, Canada. It is registered at SUITE 810, 815 W HASTINGS STREET, VANCOUVER, BRITISH COLUMBIA V6C 1B4.

Who is the current CEO of Spare?

Kristoffer Vik Hansen of Spare. They have also founded 1 company.

How many employees does Spare have?

As of Sep 30, 2026, the latest employee count at Spare is 295.

Is Spare a funded company?

Spare is a funded company, having raised a total of $59M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Nov 30, 2021.

When was the latest funding round of Spare?

Spare's latest funding was a $***** Series B round on Sep 10, 2024, with participation from 3 investors.

Where does Spare rank among its competitors?

Spare ranks 3rd amongst 163 active competitors, of which 7 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Spare, which secured $31M in Sep, 2024.

Who are the top competitors of Spare?

Spare's top competitors include Cubic, Transit Technologies and IVU Traffic Technologies. Among them, Spare secured the most recent funding round in September, 2024.

Spare - 2026 Company Profile, Team, Funding & Competitors

Company Details

Operations management solutions for transit operators. The platform provides an end-to-end ecosystem for operating modern paratransit and public transportation services.

Website: spare.com
Registered Address: SUITE 810, 815 W HASTINGS STREET, VANCOUVER, BRITISH COLUMBIA V6C 1B4

Key Metrics

Founded Year

2015

Location

Vancouver, Canada

Stage

Series B

Total Funding

$59M in 3 rounds

Latest Funding Round

Series B, Sep 10, 2024, $*****

Investors

Inovia Capital & 12 more

Ranked

3^rd among 163 active competitors

Employee Count

295 as on Sep 30, 2026

Similar Companies

Cubic & 122 more

View Spare's full profile

Spare is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SPARE LABS INC. CIN: 200439099 , United States, Active	Aug 16, 2022	-	-	-

Spare has raised a total funding of $59M over 3 rounds. Its first funding round was on Nov 30, 2021. Its latest funding round was a Series B round on Sep 10, 2024 for $*****. 3 investors participated in its latest round. Spare has 12 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Spare:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 10, 2024	6650375	Series B	9276282	3766068	9305606	2516525
Jun 04, 2024	5602872	Series A	4046571	5407961	9323371	2547244
Nov 30, 2021	7557881	Series A	3578495	4071894	Inovia Capital	Kensington Capital Partners & 6 more

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View details of Spare's funding rounds and investors

The founders of Spare are Josh Andrews, Kristoffer Vik Hansen and Alexey Indeev. Kristoffer Vik Hansen is the CEO of Spare.

Here are the details of Spare's key team members:

Josh Andrews: Co-Founder & COO of Spare.
Contact Info: 1 email address
Kristoffer Vik Hansen: Co-Founder & CEO of Spare.
Contact Info: 1 email address
Alexey Indeev: Co-Founder & CTO of Spare.
Contact Info: 1 email address

View details of Spare's Founder profiles and Board Members

Spare's employee count trend

Spare has 295 employees as of Sep 26. Here is Spare's employee count trend over the years:

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Top competitors of Spare include Cubic, Transit Technologies and IVU Traffic Technologies. Here is the list of Top 10 competitors of Spare, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cubic 1951, San Diego (United States), Acquired	Provider of integrated solutions for public transportation and defence sectors	-	De Incubator, Military Health	63/100
2nd	Transit Technologies 2019, Knoxville (United States), Funding Raised	Provider of end-to-end intelligent transport management solutions for public transport operators	-	Greater Sum Ventures, PSG	52/100
3rd	Spare 2015, Vancouver (Canada), Series B	Operations management solutions for transit operators	$59M	Inovia Capital, TransLink Capital & 11 others	51/100
4th	IVU Traffic Technologies 1976, Berlin (Germany), Public	Developer of integrated IT systems for public transport and rail companies	-	Daimler Truck	51/100
5th	Journeo 1993, Ashby de la Zouch (United Kingdom), Public	Provider of integrated technology systems for public transport networks	-	-	51/100
6th	kentkart 1998, Beyoglu (Turkey), Unfunded	End-to-end management solutions for public transport operators	-	-	49/100
7th	Passio Technologies 2010, Atlanta (United States), Unfunded	Provider of smart transit solutions	-	-	49/100
8th	Modaxo 2015, Mississauga (Canada), Unfunded	Provider of software and technology solutions for transport	-	-	48/100
9th	Matawan 2012, Macon (France), Acquired	Provider of intelligent transportation systems solutions for the public passenger transport sector	$49.4M	Essling Capital, Credit agricole Centre & 2 others	48/100
10th	HaCon 1984, Hannover (Germany), Funding Raised	Developer of software for mobility services, information, ticketing, and fleet management	-	Europa	47/100