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Spare: Funding, Investors & Team (Sep 2026)

Spare is a software company specializing in mobility management that improves public transportation services by offering on-demand and shared transportation solutions. Their platform combines different transportation options to provide a more efficient and accessible mobility experience for users. Using advanced algorithms and data analysis, Spare optimizes routes, decreases wait times, and enhances the overall efficiency of transportation services. By encouraging shared rides and optimizing transportation services, Spare Labs helps decrease traffic congestion and emissions, promoting more sustainable urban mobility.

sparelabs.com LinkedIn Vancouver, Canada 101-250 employees
Artificial Intelligence (AI) Mobile Apps Software Transportation B2B
Total raised
$31.0M
Rounds
1
Latest
Series B
Sep 2024

Spare has raised $31.0M across 1 funding round on record, the most recent a Series B of $31.0M announced in Sep 2024.

That round is above the $4.3M median round size for Apps companies tracked on FundedIQ over the last two years.

Spare Company Profile and Key Stats

Total funding raised
$31.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Series B
$31.0M in Sep 2024
Employees
101-250
reported band
Headquarters
Vancouver, Canada

Latest funding round on record: Sep 2024.

Spare Funding Rounds

Date
Round
Amount
Series B
$31.0M

Spare Founders and Leadership Team

Name
Role
Contact
Alexey Indeev
Founder
Locked

Contact details for the Spare team: 1 of 1 has an email address on file.

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Spare Funding Compared to Other Apps Startups

Segment
Companies
Median round
2,426
$4.3M
3,090
$2.2M
4,323
$30M

Spare's latest round of $31.0M is above the median round in Apps. Medians cover the last 24 months of disclosed rounds.

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Spare Funding FAQs

What does Spare do?

Spare is a software company specializing in mobility management that improves public transportation services by offering on-demand and shared transportation solutions. Their platform combines different transportation options to provide a more efficient and accessible mobility experience for users. Using advanced algorithms and data analysis, Spare optimizes routes, decreases wait times, and enhances the overall efficiency of transportation services. By encouraging shared rides and optimizing transportation services, Spare Labs helps decrease traffic congestion and emissions, promoting more sustainable urban mobility.

How much funding has Spare raised?

Spare has raised $31.0M across 1 round on record. The most recent is a Series B of $31.0M announced in Sep 2024.

When did Spare last raise funding?

Spare's most recent funding round on record is a Series B of $31.0M, announced in Sep 2024.

Who founded Spare?

FundedIQ lists Alexey Indeev (Founder) at Spare.

Where is Spare headquartered?

Spare is based in Vancouver, British Columbia, Canada.

How many employees does Spare have?

Spare is in the 101-250 employee band.

How does Spare's funding compare to other Apps startups?

Spare's latest round of $31.0M is above the $4.3M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.

About FundedIQ's Spare Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spare is left off this page rather than filled in.

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