What is Swoop?
Founded in 2016 and headquartered in Hawthorne, California, SwoopApp operates as a developer of group transportation applications. The company's platform aims to streamline and optimize the logistics of group travel, offering a technological solution for coordinated transit. This focus positions Swoop within the broader fintech and mobility technology landscape, addressing the complexities of shared transportation management.
How much funding has Swoop raised?
Swoop has raised a total of $3.4M across 2 funding rounds:
Angel/Seed
$3.2M
Debt
$163K
Angel/Seed (2020): $3.2M with participation from Signia Venture Partners and South Park Commons
Debt (2021): $163K led by PPP
Key Investors in Swoop
PPP
Public-Private Partnership
Signia Venture Partners
Signia Venture Partners is a venture capital firm established in 2012, aimed at being the most supportive and value-added investors for entrepreneurs. The firm has raised multiple fully deployed funds, investing in exceptional entrepreneurs, breakthrough technologies, and innovative business models. Signia takes pride in closely partnering with its portfolio companies to drive successful outcomes. Their intended clients are entrepreneurs seeking investment and support in their ventures.
South Park Commons
An undisclosed investor participating in the funding round.
What's next for Swoop?
The recent major strategic investment indicates a pivotal growth phase for Swoop. With substantial backing, the company is poised to scale its operations, enhance its technological infrastructure, and potentially expand its market reach. This capital will likely fuel further development of its group transportation app, enabling Swoop to solidify its position and explore new avenues for innovation in the transportation technology sector.
See full Swoop company page
