Avail is a technology company.
Avail has raised $79.8M across 6 funding rounds.
Avail has raised $79.8M in total across 6 funding rounds.
Avail Technologies is a technology company specializing in Intelligent Transportation Systems (ITS) for public transit, headquartered in State College, Pennsylvania.[1][2][4] Founded in 1999, it develops myAvail, an Enterprise Transit Management Software (ETMS) that provides real-time tracking, compliance monitoring, business intelligence dashboards, and passenger information tools like the myStop® Mobile app to enhance efficiency for transit agencies.[1][2][4] Serving public transportation operators, myAvail solves challenges in fleet management, rider engagement, and operational compliance by integrating CAD/AVL, fare collection, video surveillance, and VoIP communications into a single shared database platform.[1][2][4] With approximately 126-144 employees, $24.5 million in annual revenue (as of 2025), and total funding of $3.5-4 million, the employee-owned company demonstrates steady growth in a niche market.[1][2]
Avail Technologies was founded in 1999 in State College, Pennsylvania, as a pioneer in ITS solutions for public transit, starting with CAD/AVL integration and expanding into comprehensive transit management.[1][2][4] Key early developments include the launch of myStop® Mobile for real-time passenger information, which expanded to Android in 2015 to boost ridership by empowering riders with control over their transit experience.[1] The company has evolved as the only employee-owned (ESOP) ITS integrator in the industry, emphasizing tailored, open-architecture solutions driven by customer success and values like honesty and communication.[1][2][4] A pivotal moment came on January 1, 2025, with the appointment of Rick Spangler as President and CEO, marking a transition to 100% employee ownership after 25 years of leadership in the sector.[4]
Avail rides the wave of data-driven mobility and smart cities, where public transit agencies face pressure to modernize operations amid rising urbanization, funding constraints, and demands for real-time rider experiences.[1][2][4] Its timing aligns with the shift to Mobility as a Service (MaaS), multimodal transport, and on-demand transit, amplified by post-pandemic ridership recovery and infrastructure investments like those in the U.S. ITS sector.[2] Market forces favoring Avail include the need for integrated, open-architecture systems over siloed tools, enabling agencies to optimize routes, reduce costs via VoIP/cellular leverage, and demonstrate compliance for funding—positioning it as a key enabler in public transit's digital transformation.[1][4] By prioritizing employee ownership and partner ecosystems, Avail influences the ecosystem through reliable integrations that boost adoption of ITS technologies.[1][2]
Avail's transition to 100% employee ownership under CEO Rick Spangler signals a stable, innovative path forward, likely accelerating myAvail enhancements in AI-driven analytics, multimodal integration, and expanded VoIP/Video capabilities to capture growing demand for efficient public transit amid climate-focused policies.[4] Trends like electrification, autonomous vehicles, and MaaS will shape its journey, potentially driving revenue beyond $24.5 million through deeper agency partnerships and workforce training initiatives.[2][4] Its influence may evolve from niche integrator to ecosystem leader, empowering transit agencies to meet ridership and sustainability goals—reinforcing its role as a pioneer in total transit solutions since 1999.[1][4]
Avail has raised $79.8M in total across 6 funding rounds.
Avail's investors include Lasse Clausen, Alchemy Ventures, Founders Fund, Sam Blond, Presight Capital, Cultivation Capital, Advancit Capital, Seven Seven Six, Balaji Srinivasan.
Avail has raised $79.8M across 6 funding rounds. Most recently, it raised $43.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $43.0M Series A | Lasse Clausen, Alchemy Ventures, Founders Fund, Sam Blond | |
| Feb 1, 2024 | $27.0M Seed | Founders Fund, Presight Capital | |
| Jul 1, 2020 | $4.0M Series A | Cultivation Capital | |
| Apr 1, 2019 | $3.0M Venture Round | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan | |
| May 1, 2017 | $2.0M Seed | Cultivation Capital | |
| Sep 1, 2015 | $750K Seed | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan |