Intelligent transport data platform CitySwift has raised an additional €7mn (£6.0mn) 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 CitySwift’s platform development. These funds will also enable CitySwift to provide dedicated, specialised Customer Success supporting every stage of the customer journey.

CitySwift focus on increasing performance of public transport

CitySwift focuses on increasing the performance of public transport networks using smart analytics and optimisations. Based in Galway, Ireland, the company works with transport authorities and bus operators. CitySwift’s platform aggregates, cleans and enriches data from hundreds of sources, enabling transport networks to deliver a more reliable and efficient service.

CitySwift’s customer base covers transport networks in all of the major UK cities including London, Manchester, Birmingham, Belfast, and the entire country of Wales. clients include National Express, Go-Ahead Group, Transport for Wales, Metroline, East Riding of Yorkshire Council, East Yorkshire Buses, Translink and Blackpool Transport.

CitySwift claims its intelligent data platform “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”.

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.”

Brian O’Rourke, Co-founder and CEO at CitySwift, said: “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. 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.”

Highlights

Related articles

Crossway wins Red Dot Award for Product Design

A successful facelift, and more. That’s right, because the Iveco Bus Crossway has won the Red Dot Award, in the Product Design category, for the new front end and new dashboard of the new generation of Europe’s best-selling Class II. The award ceremony was held at the Red Dot Museum in E...