[Funding alert] Galway-based CitySwift Secures €7Million in Funding

Friday 2, 2024 | By Startup Rise EU

Galway-based CitySwift secures €7million in funding. The round was led by new investors Gresham House Ventures, who have invested €5mn (£4.3mn), with existing investors following including ACT Venture Capital, Irelandia Investments, and the Western Development Commission.

Galway-based CitySwift secures €7million in funding. The round was led by new investors Gresham House Ventures, who have invested €5mn (£4.3mn), with existing investors following including ACT Venture Capital, Irelandia Investments, and the Western Development Commission.

The investment will be used to accelerate platform development, providing both authorities and operators with intelligent data solutions to future-proof transport networks.

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These funds will also enable us to deliver dedicated, specialised Customer Success supporting every stage of the customer journey - further securing our reputation as the leading transportation data innovators in the UK and global markets.

Benjamin Faulkner, Associate Director at Gresham House Ventures, said: “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. 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.”

A note from Brian O’Rourke, Co-founder and CEO at CitySwift: “Public transport services have to be reliable and efficient to drive passenger growth, and key to this is leveraging quality data to ensure the transport networks of the future meet ever-changing passenger needs. Quality, reliable data is exactly what we deliver - our platform tracks transport networks in all of the major UK cities including London, Manchester, Birmingham, Belfast, and the entire country of Wales. CitySwift has recently delivered up to 14% punctuality improvements for National Express, East Yorkshire Buses, and Blackpool Transport. Oxfordshire County Council have been using the platform to track the impact of congestion easing measures across journey times, speeds, and passenger delays, while Transport for Wales are tracking performance and demand across the entire Welsh bus network. This investment is a massive vote of confidence in CitySwift’s platform and people. It will help us to nurture and grow our partnerships with authorities and operators, supporting them to build data-driven, widely used, and resilient transport networks of the future.”

About CitySwift

Globally, CitySwift, a big data firm, powers the largest bus networks. Bus network providers can now operate more profitably, efficiently, and rapidly by gaining the precise insights they require from CitySwift's intelligent transport data platform.

Read also - Switzerland-based Spiden Secures $15Million in Additional Funding

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