Swiftly has secured a strategic investment led by Cove Hill Partners, with JMI Equity's support, to accelerate its growth and enhance its transit data platform capabilities.

Information on the Target

Swiftly, a premier transit data platform based in San Francisco, has recently announced a strategic investment led by Cove Hill Partners, with ongoing participation from JMI Equity. Under the leadership of CEO and Co-founder Jonathan Simkin, Swiftly aims to use this investment to expedite its product development and reinforce its dominant position in the global transit market. The platform is currently utilized by over 190 transit agencies across 12 countries, supporting significant transit systems in the United States, including several of the largest by bus ridership.

Swiftly assists transit professionals in managing service for over 2.4 billion passenger journeys annually, leading to notable improvements in operational efficiency. The platform enables agencies to enhance on-time performance by up to 40%, improve passenger prediction accuracy by up to 50%, and accelerate data analysis by up to 90%. These capabilities translate to increased ridership, reduced passenger complaints, and overall more effective transit operations.

Industry Overview in the Target’s Specific Country

The public transportation sector in the United States plays an essential role in urban mobility, facilitating essential services to millions of daily commuters. Funding and investment in this sector have significantly increased as cities recognize th