Six months ago, CitySwift, the data intelligence company for the public transport sector, started its new investment round. Founded in Galway in 2016 by Brian O’Rourke and Alan Farrelly, it had raised €6 million already but now they wanted to raise the same again. CitySwift ran a competitive process to find a new lead investor, as well as seeking additional funding from existing backers Irelandia Investments, ACT Venture Capital — backed by private investors, and the state’s Irish Strategic Investment Fund (ISIF) as well as the Western Development Commission. Eventually, they selected Gresham House Ventures, a growth equity investor that…

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