.png)
Total amount raised
$13.4M
Latest funding date
2025-05-29
Location
Swiftly has successfully raised $13.4 million over three funding rounds, with notable investors including Ford Smart Mobility, Samsung NEXT, Via ID, and RATP Dev. The company specializes in developing enterprise software to enhance urban mobility through improved data for transit agencies and cities.
What Is Swiftly?
Swiftly, founded by Michael Smith, Will Dayton, and Jonathan Simkin, is based in San Francisco. The company specializes in developing enterprise software to enhance urban mobility through data-driven solutions.
With a team of 51-200 employees, Swiftly's platform is used by transit agencies across the United States and globally to improve transit system performance, service reliability, and real-time passenger information.
Swiftly's mission is to help transit agencies and cities optimize their operations, benefiting millions of riders daily.
How Much Funding Has Swiftly Raised?
- Seed Round
- Amount Raised: $900,000
- Date: February 2016
- Lead Investors: Undisclosed
- Motivation Behind the Round: To develop initial product offerings and validate market demand.
- Seed Round
- Amount Raised: $2,500,000
- Date: May 2017
- Lead Investors: Via ID (Mobivia)
- Participants: Ford Smart Mobility, Samsung NEXT, RATP Dev, 1776, Wind Capital, Gary Swart, and others
- Motivation Behind the Round: To support expansion and develop next-generation technologies for urban mobility.
- Series A Round
- Amount Raised: $10,000,000
- Date: June 2019
- Lead Investors: Via ID, Aster Capital, Renewal Funds, Wind Capital
- Participants: Total Energy Ventures, Samsung NEXT, RATP Dev, 1776, Plug and Play, Elemental Excelerator, Stanford StartX-Fund, and others
- Motivation Behind the Round: To grow its SaaS business, expand to several hundred cities, and improve public transit efficiency.
- Private Equity Round (Strategic Growth Investment)
- Amount Raised: Undisclosed
- Date: December 2020
- Lead Investors: JMI Equity
- Participants: SHAKTI, Renewal Funds, Via ID, Aster Capital, Wind Capital (continued support)
- Motivation Behind the Round: To accelerate development of Swiftly's big data platform and support hundreds of transit agencies globally.
- Private Equity Round (Strategic Investment)
- Amount Raised: Undisclosed
- Date: May 2025
- Lead Investors: Cove Hill Partners
- Participants: JMI Equity (continued participation)
- Motivation Behind the Round: To accelerate Swiftly's product roadmap and strengthen its market-leading position for transit agencies globally.
Total Amount Raised: At least $13,400,000 based on disclosed funding (two subsequent private equity rounds were raised at undisclosed amounts).
Current Valuation: Undisclosed
Key Investors
- Cove Hill Partners
- Details: Cove Hill Partners is a private equity firm that led Swiftly's most recent strategic investment in May 2025. The investment was advised by AQ Technology Partners for Swiftly and Shea & Company for Cove Hill Partners.
- Investment Focus Areas: Software and technology-enabled businesses.
- JMI Equity
- Details: JMI Equity is a growth equity firm that led Swiftly's December 2020 strategic investment and continued participating in the 2025 Cove Hill-led round. JMI has over $4 billion in committed capital and focuses on growing software companies.
- Investment Focus Areas: Software, technology-enabled services.
- Via ID (Mobivia)
- Details: Via ID is a European business fund supporting projects related to new modes of mobility. It acts as an incubator in France and has an office in San Francisco. Via ID led Swiftly's 2017 seed round and participated in the 2019 Series A.
- Investment Focus Areas: Urban, shared, connected mobility, Easy Mobility services.
- Notable Investments: Drivy, Heetch, Smoove.
- Aster Capital
- Details: Aster Capital is a venture capital firm that invests in innovative companies. It focuses on sectors driving the energy transition and digital transformation, and participated in both the 2019 Series A and 2020 growth round.
- Investment Focus Areas: Energy, digital transformation, mobility.
- Ford Smart Mobility
- Details: A subsidiary of Ford Motor Company, Ford Smart Mobility focuses on developing smart mobility solutions and participated in Swiftly's 2017 seed round.
- Investment Focus Areas: Smart mobility solutions, transportation technology.
What's Next for Swiftly?
Swiftly is poised to seize significant opportunities by expanding its services to hundreds of cities globally. With a current footprint in over 50 cities, the potential for growth is immense, especially as urban areas increasingly demand real-time transit data and analytics to enhance public transportation efficiency.
To support this expansion, Swiftly may pursue additional funding rounds, leveraging its strong track record and strategic partnerships with industry leaders like Ford Smart Mobility and Samsung NEXT. However, the company will need to navigate challenges such as ensuring data accuracy and integrating with diverse transit systems worldwide.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Swiftly and gather other critical business insights.
Sign up for free on Clay and start transforming your sales approach today.
