Tech Company Financing Transactions
CitySwift Funding Round
Gresham House, ACT Venture Capital and Irelandia Investments participated in a $7.5 million venture round for CitySwift. The round was announced by the company on 2/1/2024.
Transaction Overview
Company Name
Announced On
2/1/2024
Transaction Type
Venture Equity
Amount
$7,530,000
Round
Undisclosed
Investors
Proceeds Purpose
The investment will be used to further develop its platform that utilises artificial intelligence and machine learning to predict journey times and passenger demand, resulting in optimised routing for transportation authorities and operators.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Office 2B CityPoint, 13-27 Prospect Hill,
Galway, H91 P9KP
IR
Galway, H91 P9KP
IR
Phone
Undisclosed
Website
Email Address
Overview
Founded by Alan Farrelly and Brian O'Rourke, CitySwift is an Irish big data company that powers major bus networks across the globe. Since its inception, CitySwift has built the world's first Mobility Intelligence as a Service platform, offering bus network providers the precise insights they need to quickly adapt and operate their networks for efficiency, profitability, and growth.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brian O'Rourke
Chief Operating Officer
Alan Farrelly
Browse more venture capital transactions:
Prev: 2/1/2024: Coris venture capital transaction
Next: 2/1/2024: Cube Exchange Australia venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs