SwoopMe, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

SwoopMe, Inc. - overview

Established

2014

Location

San Francisco, CA, US

Primary Industry

Software

About

SwoopMe, Inc. is a technology-driven company that enhances roadside assistance and accident management through an integrated software platform, delivering real-time updates and efficient services to thousands of drivers daily. SwoopMe, Inc. provides innovative roadside assistance solutions, specializing in digital dispatch management.


Founded in 2014 in San Francisco, US, the company was acquired by Agero, Inc. in January 2018, although financial terms were not disclosed. The founders, Paul Widden and Simeon Simeonov, have backgrounds in technology and entrepreneurship, contributing to the company’s development in driver assistance solutions. SwoopMe, Inc.


offers a comprehensive suite of products centered on driver assistance, including white-label roadside assistance, accident management, consumer affairs, and digital dispatch solutions. Their core product, Swoop Dispatch Management, is an integrated software platform designed to enhance the efficiency and transparency of roadside assistance events, providing real-time updates and estimated arrival times to users. Their solutions cater primarily to the North American market, serving automakers, insurance companies, and repair facilities. SwoopMe, Inc.


generates revenue through strategic partnerships and subscription-based models with insurance carriers and automotive manufacturers. Collaborating with leading insurance providers, the company integrates its roadside assistance solutions into their offerings, enhancing the value for policyholders. The pricing reflects the proprietary nature of their products, tailored to meet the specific needs of their clients. Following its acquisition by Agero, Inc.


in January 2018, SwoopMe, Inc. aims to expand its product portfolio and market reach. Plans include the development of new features within the Swoop Dispatch Management platform, with enhancements targeted for release in 2023. The company is also looking to penetrate additional geographic regions beyond North America, focusing on Europe and Asia by 2025.


Recent funding from the acquisition will support these initiatives, allowing SwoopMe to leverage Agero’s resources for further growth.


Primary Industry

Software

Sub Industries

Analytics & Performance Software, Content Management Software

Website

www.joinswoop.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.