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Passport

company

About

Passport specializes in enterprise business applications and payments for parking and transportation.

Highlights

Total Funding Amount
$213.53M
Funding Rounds
9
Investors
11
Acquisition
3
Employee Profiles
30

Details

Last Funding Type
Series D
Last Funding Money Raised
$65M
Industries
CivicTech,Cloud Infrastructure,Mobile Payments,Public Transportation,SaaS
Founded date
Apr 1, 2010
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Passport Labs, Inc.
Also Known As
PASSPORT LABS, INC.

Passport is a cloud tech startup that delivers intelligent data to its customers. Passport transforms mobility management with a single platform to help create an open parking ecosystem. The company's goal is to help cities bring payments into apps users already have on hand while providing management and reporting tools, creating an easy-to-manage and efficient mobility operation for the future.

Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital.

It was founded in 2010 and is headquartered in Charlotte, North Carolina.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$213.53M
Passport has raised a total of $213.53M in funding over 2 rounds. Their latest funding was raised on Oct 25, 2021 from a Pre-seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 25, 2021 Pre-seed — 1 — — Detail
May 20, 2021 Private Equity（PE） $90M 1 Sixth Street Partners — Detail
Dec 10, 2019 Series D $65M 4 — — Detail
Dec 20, 2017 Series C $43M 1 Bain Capital Ventures — Detail
May 4, 2016 Series B $8M 3 MK Capital — Detail
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Investors

Number of Lead Investors
Number of Investors
5
11
Passport is funded by 11 investors. Sixth Street Partners and Bain Capital Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Sixth Street Partners Yes Private Equity（PE）
Bain Capital Ventures Yes Series C
MK Capital Yes Series B
Bossanova Investimentos — Pre-seed
H.I.G. Growth Partners — Series D
Rho Capital Partners — Series D
ThornTree Capital Partners — Series D
Transform Capital — Series D
Grotech Ventures — Series B
Relevance Ventures (formerly Relevance Capital) — Series B
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Employee Profiles

Number of Employee Profiles
30
Passport has 30 current employee profiles, including Executive Sathish Gaddipati
Sathish Gaddipati
Executive
Doug Rogers
Executive
Keith Chen
Advisor
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Acquisition

Passport has acquired 3 organizations. Their most recent acquisition was ParkX (Acquired By Passport, Inc.) on Dec 7, 2016. They acquired ParkX (Acquired By Passport, Inc.) for 0.

Date Company Name
Industry Acquisition Type Price
Dec 7, 2016 ParkX (Acquired By Passport, Inc.)
Mobile acquisition — Detail
Oct 9, 2018 NuPark
Cloud Computing acquisition — Detail
Jun 6, 2019 Complus Data Innovations
Computer acquisition — Detail
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