Swiftly Gains Strategic Boost with Cove Hill Partners Investment
Deal News | May 29, 2025 | JMI Management Inc
Swiftly, a leading transit data platform, announced a strategic investment led by Cove Hill Partners, with support from JMI Equity. This investment will support Swiftly's ambitious expansion plans to further enhance its innovative transit solutions. The platform, utilized by over 190 transit agencies across 12 countries, promises to improve service delivery by increasing on-time performance, passenger information accuracy, and data analysis speed. The recent collaboration with major transit agencies, along with the acquisition of Hopthru for analytics capabilities, has solidified Swiftly's leadership in transforming urban mobility. AQ Technology Partners and Shea & Company facilitated financial advisory roles in the transaction, which is anticipated to close in the second quarter of 2025.
Sectors
- Public Transportation Technology
- Private Equity
Geography
- United States – Swiftly collaborates with numerous transit agencies across major US cities, and both Cove Hill Partners and JMI Equity are American investment firms.
- International – Swiftly's platform serves transit agencies in 12 countries, indicating its international presence and market relevance.
Industry
- Public Transportation Technology – This sector covers technology solutions enhancing public transit, including data platforms like Swiftly that optimize transit operations and improve customer experiences.
- Private Equity – Cove Hill Partners and JMI Equity represent the private equity sector, providing financial backing and strategic investment to companies to facilitate growth and development.
Financials
- $4.5 billion – The total commitments managed by Cove Hill Partners' long-duration funds.
- $10 billion – The combined revenue of JMI Equity's portfolio of industry-leading cloud software companies.
- $80 billion – The aggregate enterprise value represented by JMI Equity's portfolio companies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Swiftly | Target Company | Company | A transit data platform company improving transit service efficiency through advanced data analytics. |
| Cove Hill Partners | Bidding Company | Company | A private equity firm focused on long-term, strategic investments in technology and consumer-focused companies. |
| JMI Equity | Supporting Investor | Company | A growth equity firm investing in leading software businesses with a focus on cloud-based solutions. |
| Jonathan Simkin | CEO | Person | Co-founder and Chief Executive Officer of Swiftly, leading the company's strategic growth efforts. |
| AQ Technology Partners | Financial Advisor to Swiftly | Company | Provided financial advisory services to Swiftly for the transaction. |
| Shea & Company | Financial Advisor to Cove Hill | Company | Provided financial advisory services to Cove Hill Partners for the transaction. |