Originally called Tranzmate, Moovit was founded as a startup in Israel in 2012 by developers Nir Erez, Roy Bick, and Yaron Evron. The company raised $3.5 million in its first round of funding from Gemini Funds and BRM Capital. By the beginning of 2013, the company launched worldwide. In 2013, Moovit went on to receive $28 million of funding from venture-capital Sequoia Capital, BRM Group, and Gemini Funds.
