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Swift Ride raises Series A funding to expand its vehicle fleet, with Lionsbridge Investments leading the round. The investment aims to increase access for gig workers needing vehicles.
PRIVATEAug 14, 2026•1 day ago
Round Type
Series A
GeorgiaInvestors
Lionsbridge Investments
Description
Swift Ride has closed a Series A funding round to expand its vehicle fleet and operations. The company, which serves gig economy drivers, aims to reduce financial barriers for those without qualifying vehicles. Lionsbridge Investments is a key participant in this round. The new capital will help address the oversubscribed customer waitlist and increase fleet capacity.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers