Masabi, which develops mobile ticketing technology for the transport sector, has secured $2 million from London-based m8 Capital, the majority-owned affiliate of AGC Equity Partners that targets mobile startups and technology. In June, M8 invested $800k in the location-based startup Rummble. Masabi says the new funding will be used to support "commercial deployments" of the company's mobile ticketing systems with UK rail companies and for international expansion. 0 0Authors: Steve O'Hear

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