Validated
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $130k | Angel | |
N/A | $250k | Convertible | |
N/A | $120k | Seed | |
N/A | $100k | Convertible | |
$120k | Convertible | ||
N/A | - | ||
$900k | Early VC | ||
N/A | N/A | Acquisition | |
Total Funding | €1.5m |
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EditValidated is a mobile application designed for urban explorers, allowing users to earn transportation credits by shopping and dining at participating businesses. The app targets consumers who frequently explore city offerings and provides a unique value proposition by letting shops and restaurants pay for their transportation, including car share, ride share, bike share, mass transit, and parking. The business operates in the urban mobility and retail markets, primarily serving city dwellers and tourists who are keen on exploring urban environments without worrying about transportation costs.
Validated's business model revolves around partnerships with local businesses that set spending targets for customers. When customers meet these targets, they earn credits that can be redeemed for various transportation services. This model not only drives foot traffic to partner businesses but also enhances customer loyalty by offering tangible rewards. The company generates revenue through commissions and fees from participating businesses that benefit from increased customer engagement and sales.
Keywords: urban mobility, transportation credits, retail partnerships, customer rewards, car share, ride share, bike share, mass transit, parking, city exploration.