Ridango, a London, UK-based company specializing in public transportation software solutions, has secured strategic growth investment.
Investors
The investment came from Bregal Milestone, a software and technology private equity firm with approximately €1.3 billion in capital raised since its inception. The firm provides growth capital and operational support to build market-leading technology companies. Bregal Milestone is part of Bregal Investments, a global investment platform with assets under management exceeding €19 billion.
Ridango Use of Funds
The company plans to accelerate its growth, expand its presence in key regions, including Europe, the Middle East, and Asia-Pacific, and further enhance its technology.
About Ridango
Founded in 2009, Ridango provides intelligent transportation software, offering automated fare collection, operations control, real-time passenger information, and vehicle location management. Its solutions include features such as contactless EMV payments, account-based ticketing, and multimodal journey planning tools. Serving over 150 customers in more than 25 countries, Ridango is committed to improving public transit services and enhancing passenger satisfaction. The company operates from its European headquarters in Sweden and R&D hubs in Estonia and Slovenia.
Funding Details
Company: Ridango AS
Raised: Undisclosd
Round: Strategic Growth Investment
Funding Date: March 2025
Lead Investor: Bregal Milestone
Additional Investors: Not specified
Company Website: https://www.ridango.com/
Software Category: Public Transportation Software
Source: https://www.ridango.com/bregal-milestone-announces-strategic-growth-investment-in-ridango/