Swat calls in $10.1m series A

Nov 27, 2019 • Callum Cyrus

University of Tokyo Edge Capital has led a series A round set to support on-demand bus transport company Swat's push into additional Asian markets.

Singapore-based on-demand bus pooling service Swat has obtained $10.1m in a series A round led by University of Tokyo Edge Capital (Utec), a venture capital affiliate of University of Tokyo, DealStreetAsia reported today.

SMRT Momentum Ventures and ComfortDelGro Ventures, respective investment subsidiaries of transport operators SMRT and ComfortDelGro, also took part in the round.
The round was also backed by the government-owned Singapore Economic Development Board’s New Ventures and EDBI investment vehicles, along with family office Goldbell…

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