Swiftly has raised a total of $13.4 million across three funding rounds, attracting strategic investors such as Ford Smart Mobility, Samsung NEXT, Via ID, and RATP Dev. Founded to modernize urban transit, the company leverages data-driven software solutions to improve public transportation efficiency, service reliability, and real-time passenger information.
What Is Swiftly and What Does It Do?
Swiftly, founded by Michael Smith, Will Dayton, and Jonathan Simkin, is a San Francisco-based company that specializes in enhancing urban mobility through data-driven solutions. The company develops enterprise software that provides transit agencies and cities with real-time analytics, operational tools, and performance metrics to optimize routes, improve service reliability, and enhance the rider experience.
With a team of 51-200 employees, Swiftly integrates advanced technology into transit operations, supporting agencies in scheduling, passenger communication, and decision-making. Its platform enables cities across the U.S. to deliver smarter, more efficient, and reliable public transportation for millions of daily riders.
How Much Funding Has Swiftly Raised?
1. Seed Round
- Amount Raised: $15.6M
- Date: September 10, 2019
- Lead Investors: Not disclosed
- Motivation: To develop the platform and validate market demand.
2. Series B Round
- Amount Raised: $100M
- Date: March 08, 2022
- Lead Investors: Wormhole Capital, Liquid 2 Ventures, Bramalea Partners, Gaingels, Silicon Ventures, Sand Hill Angels, PROOF, Western Technology Investment, The Martin Family
- Motivation: To expand operations, scale the platform, and onboard additional cities.
3. Series C Round
- Amount Raised: $100M
- Date: September 19, 2022
- Lead Investors: BRV Capital Management
- Motivation: To further grow the SaaS business and enhance technology for urban mobility.
Total Funding Raised: $215.6 Million
Current Valuation: $1 Billion (as of September 2022)
Latest Funding Date: September 2022
Key Investors
1. BRV Capital Management
- Details: A global growth investment platform targeting category leaders across various industries.
- Investment Focus Areas: Technology, mobility, and infrastructure.
- Notable Investments: ZettaByte (Taiwan), Spekter, Wrtn Technologies.
2. Wormhole Capital
- Details: An evergreen, permanent capital vehicle investing from inception to growth rounds, focusing on long-term impact.
- Investment Focus Areas: Healthcare, enterprise systems, and technology.
- Notable Investments: Corner Health, World Class Health, Artian
3. Liquid 2 Ventures
- Details: A venture capital firm co-founded by former NFL quarterback Joe Montana, investing in high-growth technology companies.
- Investment Focus Areas: Technology, SaaS, and fintech.
- Notable Investments: GitLab, Rippling, Jasper AI, Retool, Anduril, Applied Intuition.
4. PROOF Ventures
- Details: A venture capital firm assisting companies in managing cap tables, valuations, and equity plans.
- Investment Focus Areas: Fintech, B2B SaaS, and marketplaces.
- Notable Investments: Beyond Meat, Tubi, Jackpocket, Trifacta, TurbineOne, Turing.
Where Is Swiftly’s Headquarters?
Swiftly is headquartered in San Francisco, California, a hub for technology and innovation. The location provides access to a rich ecosystem of transit agencies, city planners, and strategic partners, supporting its mission to modernize urban mobility.
What’s Next for Swiftly?
Swiftly is poised for significant growth as cities increasingly rely on real-time transit data and analytics to improve public transportation. With a footprint in over 50 cities, the company is exploring opportunities to expand globally, enhance its software platform, and strengthen partnerships with strategic investors like Ford Smart Mobility and Samsung NEXT.
Future funding rounds may help Swiftly scale its operations and technology stack, though challenges such as integrating with diverse transit systems and maintaining data accuracy remain. With strong investor support and a proven platform, Swiftly is well-positioned to lead the transformation of urban transit.
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