Make data-driven decisions to improve longevity

Bridj

An intelligent public transport service.

Company Information

Description

Bridj used big data and crowdsourcing to predict how a city moves. It then deploed a dynamic transportation network of direct shuttles to match popular origin and destination pairings. As more users entered the system, Bridj used machine-learning algorithms to get even smarter, allowing for a living, breathing, and thinking transportation system. Bycreating data-driven pop-up networks for daily intra-city transportation, Bridj was reinventing public transit, creating better transit for everyone.

Legal Name

Former Legal Name(s)

Company Reputation

Entity Type

Private limited company

Ownership Status

Operational Status

Inactive

Founded Date

2014

Operational Duration

5 years

Shutdown Date

2019

Last Financing Round

Series A

Total Raised

USD 4M

Last Financing Date

1 Mar 2015

No. of Funding Round(s)

No. of Investor(s)

No. of Employees

1 - 10

Total Revenue

Post-money Valuation

Market Capitalization

Stage of Development

Validation

Transactional Model Type

B2C

Defensibility Moats

Procedural knowledge,

City

Brisbane

State/Province

Queensland

Country

Australia

Industry

Technology

Categories

Public Transportation, Transportation, Machine Learning, Ride Sharing, Big Data,

Product Gallery

Reasons for Shutdown

Partnership Issues

A deal with a major car company that never happened.

The company made the strategic choice to pursue a deal with a major car company who promised a close date for a sizable transaction in lieu of a traditional venture capital funding round.
The close date timeline extended from weeks to months, as they sought to gain the appropriate internal approvals that we (and they) thought were already in place.
Throughout, Bridj remained convinced of the close strategic fit and both sides had every expectation that the transaction would close.
Despite assurances, and all parties acting in the best of faith, that didn’t happen.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Image	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.		Rithmio	10.0%	A gesture recognition platform that provided motion recognition software for wearables and connected clothing.	Technology	Embedded Software, Machine Learning, Software, Wearables	United States	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2014	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		Suffolk Equity Partners	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Larry Summers	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		David Block-Schachter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Matthew George	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	1 Mar 2015	Series A	-	-	-	-	-	-	7	-	-	-	-
2.	4 Sep 2014	Funding round	USD 4M	-	-			-	5	-	-	-	Completed