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

10 Innovators in Rural Health

July/August 2015
Monday, July 13, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

Telemedicine, new partnerships and real estate diversification make health care more accessible in rural Oregon.


Read more...

Downtime with Debra Ringold

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Dean of the Atkinson Graduate School of Management, Willamette University


Read more...

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...

Portland’s long-distance bike commuters

The Latest
Monday, August 03, 2015
Matt KellyresizethumbBY KIM MOORE | RESEARCH EDITOR

Pushing the extreme.


Read more...

Money Troubles

September 2015
Thursday, August 20, 2015
BY DAN COOK

The state’s angel investing fund gets hammered in Salem.


Read more...

Flattery with Numbers

July/August 2015
Friday, July 10, 2015
BY JOE CORTRIGHT

The false promise of economic impact statements.


Read more...

Unshakable

September 2015
Wednesday, August 19, 2015
BY BRIAN LIBBY

Ben Kaiser holds his ground.


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