GlobeSherpa's smart transit

| Print |  Email
Articles - April 2013
Monday, April 01, 2013

 

BY LINDA BAKER

0413 FOB Launch Globesherpa
Nat Parker, CEO of GlobeSherpa
// Photo by Sierra Breshears

In many parts of Europe and Asia, mobile tickets and payments for transit are ubiquitous. Not so in the United States, where only two public transit agencies use mobile ticketing systems: MBTA Commuter Rail in Boston and New York Waterway. Now Nat Parker, chief executive of GlobeSherpa, a Portland-based mobile ticketing startup, aims to spread the smart payment gospel. The company has developed a platform that allows riders to buy tickets on their smartphones. The system also lets fare inspectors check for and validate tickets and gives transit agencies access to real-time sales and purchasing data. Another plus: Consumers can buy the e-tickets as a group, a useful feature for everyone from families to fans attending Blazer games. After launching in 2010, GlobeSherpa is now beta testing the platform on TriMet buses and expects to debut the system citywide on buses, MAX and commuter trains in June. A next step is to integrate the platform with local merchants. Consumers can also use the software to purchase parking spaces, Parker says. GlobeSherpa is in conversation with other transit agencies nationwide, and Parker says many U.S. cities are eager to catch up with the rest of the world, at least in the smartticketing arena. “Wherever you can reduce cash, you stand to create a very big efficiency and save money. We’re bullish on mobile payments.”

COMPANY: GlobeSherpa

PRODUCT: Mobile ticketing services

CEO: Nat Parker

HEADQUARTERS: Portland

LAUNCHED: 2010

TRUTH TELLER: “Security is the No. 1 issue in designing mobile payment software; it’s got to be rock solid and secure. The user experience is No. 2. It has to be easy to use and fun. Anyone using a TriMet ticket today has pretty much the exact opposite experience.”

BACK OFFICE: Raised $500,000 in seed round led by TIE, Portland Seed Fund and Alliance of Angels. Landed $1.3 million in Series B Funding. Employs nine people, mostly software engineers, with plans to hire a director of business development and sales associates.

 

More Articles

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


Read more...

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.


Read more...

6 highlights from the Craft Brewers Conference

The Latest
Friday, April 17, 2015
thumbcbcPHOTOS BY  JASON E. KAPLAN

The 32nd annual CBC attracted a record number of attendees (11,000)  to the Oregon Convention Center.


Read more...

5 questions for inDinero CEO Jessica Mah

The Latest
Tuesday, March 31, 2015
jessicathumbBY JACOB PALMER | DIGITAL NEWS EDITOR

inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS