Success stories

Ridango

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Established: 2009

Country: Estonia

Investors: BaltCap

Founded in 2009 in Estonia, Ridango is a global provider of mission critical software solutions for public transport authorities, municipalities and private transport operators. The company has developed an integrated platform covering automated fare collection, operations control, real time passenger information and mobility services.

Ridango supports the digitalisation of public transport systems, enabling cities to improve operational efficiency, passenger experience and sustainability. With customers across more than 25 countries on five continents, Ridango has grown from a Baltic technology company into a globally recognised intelligent transportation software provider.

BaltCap supported Ridango through a period of accelerated international expansion, organisational scaling and platform development, laying the foundations for its next phase of global growth.

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Erki Lipre

Founder and CEO - Ridango

"Public transportation is at the heart of sustainable urban development, and the Ridango team is committed to delivering advanced solutions that help modernise transit networks for the future."

37,000
vehicles under management
>25
countries served
1.2bn
total annual ticket validations

Key achievements

  • Built a fully integrated, end to end intelligent transportation software platform

  • Scaled from a Baltic technology company into a global public transport software provider

  • Established long term relationships with public transport authorities and operators worldwide

  • Positioned the business for continued organic and inorganic international growth

Funding history

  • Founded in 2009 in Estonia

  • BaltCap Private Equity Fund III acquired majority in 2020

  • Divested in 2025 to private equity buyer, Bregal Milestone, a leading European growth equity firm headquartered in London

Employment impact  

  • Built an international, highly skilled technology and product development team

  • Created high value technology jobs in Estonia and other European locations

  • Supported the development of specialised expertise in intelligent transportation systems.

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