Inovia Capital led a $29m round in Spare.

Inovia Capital, a venture capital firm, led a $29m Series B round in Spare, a provider of mobility operations software, with participation from Kensington Capital and Nicola Wealth. "We're incredibly grateful for Inovia's continued support as our lead investor since day one; their guidance has been instrumental in our growth and success. We're also grateful for the ongoing commitment from Kensington Capital and other strategic investors who have helped push the industry forward. This capital allows us to serve more riders, providing the paratransit community with the great consumer experience they deserve. By harnessing advanced technologies, including Artificial Intelligence, we will further improve efficiency and cost-effectiveness for transit agencies, ultimately enhancing the rider experience, especially for the most vulnerable in our society," Kristoffer Vik Hansen, Spare CEO.