Swoop
Simplifies ground transportation for companies, cities, and schools, and offers a leading SaaS platform for private transportation operators.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $3.2m | Seed | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 88 % | 36 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Swoop operates as a group transportation provider, offering a logistics platform that connects clients with a network of vehicles for a variety of needs. The company's services cater to both corporate and private clients, encompassing employee shuttles, event transportation, and private car services.
The company's business model is twofold. Firstly, it acts as a broker, facilitating group transportation bookings and earning a commission on each transaction. This is supported by a diverse fleet of vehicles, including shuttles, buses, and private cars, available nationwide. Secondly, Swoop has developed a SaaS platform designed for private transportation operators. This platform provides tools for managing operations, including a shuttle app for passengers and a driver app for drivers, likely generating recurring revenue through subscriptions.
Swoop's target market includes corporations requiring employee transportation solutions, event organizers, educational institutions for inter-campus shuttles, and individuals for private events like weddings. The company also has a payment system, SwoopPay, to streamline transactions for its services.
Keywords: group transportation, logistics platform, SaaS, vehicle network, employee shuttles, event transportation, private car service, transportation operators, shuttle app, driver app