Technology

Investing in the future of traffic data analytics with StreetLight Data

How Macquarie Capital contributed to StreetLight Data’s next phase of growth.

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Sector	Technology
Sub-sector	Transport
Location	Americas

Opportunity

StreetLight Data is the leading traffic data analytics company used for transportation infrastructure planning and management in North America.

StreetLight Data’s solutions provide a cloud-based analytics platform with the broadest set of traffic data, processing approximately 40 billion anonymised location records from smart phones and navigation devices in connected cars and trucks each month.

StreetLight’s solutions allow its users, from Napa Valley to the city of Toronto, to anticipate and plan for special events, identify underserved areas, optimise bike and pedestrian infrastructure, accurately prioritise mobility spending and more.

40 billion+

monthly location data points

5 million+

miles of roadway, sidewalk and bike lane

6,000+

monthly transportation analyses

Source: Streetlight’s website (as of Dec. 2020)

Approach

In July 2020, Macquarie Capital made a growth equity investment in StreetLight Data. Macquarie Capital identified StreetLight through dedicated outreach efforts in the government technology and infra-tech sectors, both of which are core areas of focus for the team.

Macquarie Capital’s transportation infrastructure expertise and relationships with various Departments of Transportation (DOTs) made Macquarie Capital a preferred investor.

Alongside co-investors Osage University Partners, Ajax Investment Strategies and Activate Capital, the new round brought together global leaders in infrastructure investing and clean technology innovation as North America’s transportation industry transitions into a new era of mobility, accelerated by COVID-19.

"What impressed us about StreetLight was its ability to innovate and build meaningful insights from a rapidly expanding base of data."

Jared Doskow, Managing Director at Macquarie Capital Principal Finance

Outcome

Through its network of government relationships, Macquarie Capital was able to drive expansion opportunities for StreetLight’s platform, which allows communities to plan, measure and manage transportation needs for infrastructure planning in rapidly changing environments.

StreetLight is using smartphones as sensors to measure activity on all streets as COVID-19 continues to affect the global transportation landscape. Whether measuring the pandemic’s impact on specific communities or helping cities move forward with routine projects, StreetLight’s products allow users to get transportation metrics for regions 24/7.

Macquarie Capital is continuing to work with StreetLight to identify strategic M&A opportunities to expand the platform’s product offering.

"Looking at how COVID-19 has significantly increased the adoption of big data driven tech platforms, we are confident that StreetLight’s platform will deliver significant value across multiple industries, from mobility companies to DOTs."

Stephan Feilhauer, Managing Director at Macquarie Capital Principal Finance

Learn more

Macquarie Capital

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