Spare Secures $42M in Series B Funding

September 11, 2024

Spare, a top provider of mobility operations software, has successfully completed its Series B funding round, securing $42 million CAD. The round was led by Inovia Capital, a key partner and lead investor from Spare’s Series A round. Additional participation came from previous investors, including Kensington Capital and Nicola Wealth. This new capital will allow Spare to address the increasing demand for innovative transit solutions, especially in the paratransit sector.

LaBarge Weinstein LLP, with a dedicated team including Jordan Potechin, Whitney Harrison and Nathaniel Hills is honoured to have provided comprehensive legal counsel and support to Spare since 2016 and throughout this latest round of funding.