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GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

Mar 10, 2020over 5 years ago

Amount Raised

$45 Million

New York

Description

GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, is pleased to announce that it has entered into a put option agreement (“Agreement“) with LDA Capital LLC (“LDA Capital“), a United States based private alternative investment group, which has agreed to provide the Company with up to US$45 million (“Commitment Amount”) in committed equity capital over the next 36 months. The Company will use this capital (as required) to continue to fuel growth and to hedge against developing global circumstances such as the Coronavirus.

Company Information

Company

Get Swift

Location

New York, New York, United States

About

Technology to Optimise Global Delivery Logistics

FundzWatch™ Score

62
Medium Activity

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