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Spare
Operating system for transportation providers
- 21-100 employees
- B2B
- Enterprise
- Transport
- Mobility
- Machine Learning
- SaaS
- Downtown Vancouver, Vancouver, BC
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Company mission
To unlock the potential of mobility for everyone.
Our take
Climate change and other tailwinds have increasingly driven individuals seeking mobility in urban areas towards public transport. That increase in demand and volatility has encourage transit providers to look for any efficiencies in their operations.
Making those changes requires data. That’s where Spare Labs comes in. The startup provides an operating system for transit providers, delivering managers the data they need to dynamically change routes in accordance with user demand.
The startup is now looking to ramp up development of its technology, expanding the use of its rerouting technology to automated buses and other transit services.
This smart approach to transit planning could appeal to all sorts of transportation networks, not just public buses. It will be crucial for Spare to develop their technology in a way that is compatible with these different use cases.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Stock options - Enjoy the feeling of ownership, grow with us and share the journey through our generous options package
- Transparent communication - At Spare we support open dialogue, facilitate 360 feedback and regular praise, and ensure that you have direct access to anyone in the company
- A flexible workplace - Commuting is optional at Spare. We set you up for success with an office allowance as well as a monthly coworking stipend
- Growth and development - We believe in lifting up our own. That’s why we talk promotions twice a year, provide prompt feedback and support skills development
- A salary that rewards talent - We provide a competitive salary, bonuses, incentives for exceptional performance and a country-based compensation structure
- Company-paid health benefits - We offer health, dental and paramedical as well as an Employee and Family Assistance Program to support you and your family
- Lifestyle spending account - We know benefits aren't one-size-fits-all, which is why we offer a flexible stipend. Buy a bus pass or a kayak - it's up to you!
- Open sick leave - When you're not feeling your best, we want you to rest
- Paid parental leave - All new parents receive a 15-week compensation top-up for maternity, paternity or adoption leave after a year of service
Funding (last 2 of 6 rounds)
Sep 2024
$30m
SERIES B
Aug 2023
$3m
GRANT
Total funding: $92.3m
Leadership
Kristoffer founded Spare on graduation from the Univerity of British Columbia where they earned a degree in Integrated Engineering.
Josh Andrews
(COO)Computer Science graduate from University of British Columbia, Josh also worked as a Software Engineer for Expedia group.
Alexey Indeev
(CTO)Earned a B.Sc in Computer Science from Univeristy of British Columbia before working as a Research Software Engineer for AppNeta and joining The Next Big Thing as an Entrepreneur in Residence.