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3L Capital and Assembly Ventures led a $167m Series B round in Metropolis Technologies.

Synopsis

3L Capital, a multi-stage growth equity firm, and Assembly Ventures, a venture capital firm, led a $167m Series B round in Metropolis Technologies, the mobility commerce platform powered by advanced computer vision and a proprietary machine learning system, with participation from Dragoneer Investment Group, Eldridge, Silver Lake and UP Partners. "By bringing urban mobility infrastructure online, we are knitting disconnected parts of the everyday journey into a remarkable experience. The seamless transactions we take for granted in e-commerce are largely absent from real life, but Metropolis' computer vision technology is changing that one commute, one morning coffee, one grocery run at a time. Thanks to this incredible vote of confidence from our investors, Metropolis is leading the charge to power the future of urban commerce," Alex Israel, Metropolis Technologies CEO.

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