CitySwift, the pioneering force in transportation data innovation, is delighted to announce the successful closure of a €7 million funding round, propelling its total funding to an impressive €15.5 million to date. The funding round was spearheaded by new investors, Gresham House Ventures, injecting a substantial €5 million (£4.3 million) into CitySwift’s mission. Existing investors, including ACT Venture Capital, Irelandia Investments, and the Western Development Commission, also joined forces to fortify the company’s commitment to revolutionising transport networks.
This significant investment injection is set to fuel CitySwift’s ambitious plans to expedite platform development. The company aims to equip both transport authorities and operators with intelligent data solutions, cementing their role as the frontrunners in transforming transportation data in the UK and global markets. The funds will also be channelled into the establishment of a dedicated Customer Success team, ensuring unparalleled support at every stage of the customer journey.
Benjamin Faulkner, Associate Director at Gresham House Ventures, expressed confidence in CitySwift’s trajectory, stating, “CitySwift’s growth in recent years has been impressive, and the team’s knowledge of both bus networks and data science makes this a compelling and unique proposition.” He added, “With our experience working with other transport and mobility data businesses, we look forward to supporting CitySwift as it continues to deliver real-world benefits for transport passengers across the UK, Ireland, and global markets over the coming years.”
Brian O’Rourke, Co-founder and CEO at CitySwift, emphasised the critical role of reliable data in enhancing public transport services. O’Rourke stated, “Public transport services have to be reliable and efficient to drive passenger growth, and the key to this is leveraging quality data to ensure the transport networks of the future meet ever-changing passenger needs.”
CitySwift’s platform has already demonstrated its efficacy in major UK cities, including London, Manchester, Birmingham, Belfast, and the entire country of Wales. Notable successes include delivering up to 14% punctuality improvements for National Express, East Yorkshire Buses, and Blackpool Transport. Additionally, Oxfordshire County Council has utilized the platform to track the impact of congestion-easing measures, while Transport for Wales monitors performance and demand across the entire Welsh bus network.
The substantial investment marks a resounding vote of confidence in CitySwift’s platform and its people. It positions the company to further nurture and expand its partnerships with authorities and operators, playing a pivotal role in supporting the creation of data-driven, widely used, and resilient transport networks for the future.
To learn more about CitySwift’s intelligent transport data platform, don’t hesitate to get in touch with them today. The future of transportation is data-driven, and Irish company CitySwift is at the forefront of this transformative journey.