In the future we will all wear amazing silver underpants and look at our incoming bus and subway transfers on a screen from TransitScreen. Created by a lone entrepreneur with a dream and some LCDs, TransitScreen is a sort of timetable for mass transit. However, these things can sit in multiple places including in the lobby of your favorite building where they display train times, information, and ads. Think of it as one of those in-elevator ad screens, only useful.
Founder Ryan Croft has just raised a $600,000 angel round with a group of unnamed VCs in transportation, real estate, and finance. The goal is to use the money to roll out more screens worldwide and to expand the system to Latin America and the Middle East. The company has 40 paying customers right now and is cash-flow positive.
?Everyone is a commuter in some shape or form. Whether by bus, train, bike, foot or car, we are all commuters. TransitScreen is creating a worldwide standard for real-time transportation information that will be accessible wherever someone is looking for it,? said Croft.
Read more at Tech Crunch.