E-commerce operating startup Swap raises $100M
E-commerce operating startup Swap has secured $100 million in a Series C funding round, marking a significant investment in the European e-commerce sector. This influx of capital highlights the growing demand for comprehensive platforms that streamline logistics and expand global reach for online brands. The investment signals confidence in Swap's potential to become a key player in the evolving landscape of digital commerce. The funding round, co-led by Iconiq and DST Global, brings Swap's total funding to $149 million since its founding in 2022. Swap offers an all-in-one operating system for e-commerce brands, handling crucial tasks such as shipping, tracking, returns, tax management, and inventory forecasting. The company, which already has a partnership with Adyen, plans to use the funds to strengthen its payment capabilities and target expansion into new markets. Swap's platform directly benefits e-commerce brands by simplifying complex logistics, allowing them to focus on product development and marketing. With offices in the US, Israel, and the Netherlands, Swap is poised to further penetrate both European and North American markets. By integrating artificial intelligence into its platform, Swap aims to automate processes like tax filing and returns, improving efficiency.
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