September 12, 2025.
A major milestone for Via – and a 2nd IPO for C4 Ventures!
On Friday, September 12, Via begins trading on the NYSE under $VIA, a testament to how far the team has come in rethinking public transportation and delivering platforms that strengthen local economies, improve access to education, and expand healthcare reach for millions.
Via’s IPO valued the company at over $3.5 billion, raising $493 million through the sale of 10.7 million shares priced at $46, above the initial $40–$44 range.
With hundreds of customers in 30+ countries, $429M in annualized run-rate revenue (Q2 2025), and 90%+ of revenue coming from government partners, this IPO underscores the scale of their impact.
At C4 Ventures, we partnered with Via almost 10 years ago and reinvested throughout the whole journey. We believed in this team and their vision from the very beginning. This marks the 2nd IPO in our portfolio and one of our earliest unicorns reaching the public markets - another signal that quality IPOs are returning in mobility and GovTech.
Pascal Cagni: "On a personal note: standing at the iconic ringing of the bell at the New York Stock Exchange NYSE, I couldn’t help but remember how it all started - also in New York, back in 2016, when you could ride anywhere in Manhattan in a premium, Via-branded van for just $5. In fact, I was brought to my first meeting with Via’s management team… by a Via van.
A few months later, they launched in London and across European cities, where competition from major providers was intense - and made the hard, brilliant pivot from consumer rides to the operating system for urban mobility operators. We re-financed at that pivot, supported through landmark deals (including Keolis in France), and watched Via take off as a rare B2G/GovTech success story with a repeatable playbook".
Congratulations Clara Fain, Oren Shoval, Daniel Ramot, and the entire Via team. And thank you to our friends at Pitango Venture Capital - Isaac Hillel, Chemi Peres and the team - for the partnership on this journey.
Boris Bakech: "Beyond the financial outcome to us as investors, Via is now powering the services of hundreds of clients, themselves serving millions of customers who can now commute to more places and have access to more jobs. This is real, tangible, social impact".
Read the official press release.
Read Linkedin posts by Pascal Cagni and Boris Bakech.
Read the article by Reuters.
