Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned to make acquisitions to grow its transportation technology stack. Now, a piece of that strategy is falling into place: today the company is announcing its acquisition of Citymapper, the London startup that produces a popular urban mapping app. Originally making a name for itself as an alternative to apps like Google Maps for consumers planning journeys in metropolitan areas using public transportation, Citymapper has around 50 million users globally.
Financial terms are not being disclosed. Via has confirmed it’s a mixture of cash and stock, while sources close to the deal tell TechCrunch that Citymapper investors are mostly not making their money back in the transaction and that it’s effectively a washout. (One publication has reported $100 million; we were told that it was “well below” this amount.)
It has …
