About Swoop
Swoop is a company based in Los Angeles (United States) founded in 2016. It operates as a On-Demand Services, and Subscription Services. Swoop has raised $3.2 million across 1 funding round from investors including South Park Commons, Signia Venture Partners and Manik Gupta. The company has 23 employees as of December 31, 2022. Swoop offers products and services including Corporate Shuttle Service, Event Transportation, School Transportation, and Healthcare Shuttle. Swoop operates in a competitive market with competitors including redBus, Omio, Virgin Voyages, Buster and Cruise Planners, among others.
- Headquarter Los Angeles, United States
- Employees 23 as on 31 Dec, 2022
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Swoop, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.2 M (USD)
in 1 rounds
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Latest Funding Round
$3.2 M (USD), Seed
Jul 22, 2020
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Investors
South Park Commons
& 5 more
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Employee Count
23
as on Dec 31, 2022
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Products & Services of Swoop
Swoop offers a comprehensive portfolio of products and services, including Corporate Shuttle Service, Event Transportation, School Transportation, and Healthcare Shuttle. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Corporate shuttle services are provided for employee commuting.
Event transportation solutions are offered for various occasions.
School transportation services are arranged for student travel.
Healthcare shuttles are provided for non-emergency medical transport.
Funding Insights of Swoop
Swoop has successfully raised a total of $3.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.2 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.2M
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First Round
First Round
(22 Jul 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - Swoop | Valuation | South Park Commons , Signia Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Swoop
Swoop has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include South Park Commons, Signia Venture Partners and Manik Gupta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sector-agnostic incubation and venture capital are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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MG
Manik Gupta |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Swoop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Swoop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swoop Comparisons
Competitors of Swoop
Swoop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as redBus, Omio, Virgin Voyages, Buster and Cruise Planners, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
App-based platform for booking transport services
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| domain | founded_year | HQ Location |
Online platform for booking cruises
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| domain | founded_year | HQ Location |
Buses and limos are rented online via Buster's booking platform.
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| domain | founded_year | HQ Location |
Cruises are booked and discovered via an online marketplace.
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| domain | founded_year | HQ Location |
Platform for cruise vacation bookings
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Swoop
Frequently Asked Questions about Swoop
When was Swoop founded?
Swoop was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Swoop located?
Swoop is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Swoop a funded company?
Swoop is a funded company, having raised a total of $3.2M across 1 funding round to date. The company's 1st funding round was a Seed of $3.2M, raised on Jul 22, 2020.
How many employees does Swoop have?
As of Dec 31, 2022, the latest employee count at Swoop is 23.
What does Swoop do?
Swoop is established as a comprehensive ground transportation solution across the United States. Services are provided for corporate travel, employee shuttles, school transportation, event logistics, and healthcare transport. Various sectors including airlines, religious groups, military, sports teams, and universities are served with tailored solutions. Technology platforms like shuttle and driver apps are utilized for real-time tracking and data insights. Customizable journeys and a wide range of vehicles, from luxury cars to charter buses, are offered to meet diverse client needs.
Who are the top competitors of Swoop?
Swoop's top competitors include redBus, Omio and Virgin Voyages.
What products or services does Swoop offer?
Swoop offers Corporate Shuttle Service, Event Transportation, School Transportation, and Healthcare Shuttle.
Who are Swoop's investors?
Swoop has 6 investors. Key investors include South Park Commons, Signia Venture Partners, Manik Gupta, Kevin Weil, and Kim Fennell.