Swiftly Secures Strategic Investment from Cove Hill Partners

Swiftly, a portfolio company of Renewal Funds' 2019 fund, has received a significant strategic investment from Cove Hill Partners. The move is regarded as a significant achievement for Renewal4, which views Swiftly as one of their highest impact companies. Having been introduced to Swiftly by Elemental Impact in 2018, Renewal Funds were impressed by the founding team's execution and visionary approach towards enhancing public transit systems. Starting as a leader in bus arrival time predictions, Swiftly has expanded its capabilities to become a comprehensive transit operating system, used by hundreds of agencies worldwide and facilitating over 2 billion transit trips annually. This development marks a fourth success for Renewal Funds in the government technology space, an area often underestimated by venture investors despite significant potential and importance for climate solutions. With a vision for improving public transit using cutting-edge technology, Swiftly continues to extend its impact under the new partnership with Cove Hill.