Swap secures $9 million in Series A funding led by QED Investors to launch Swap Global
Apr 30, 2024•over 1 year ago
Amount Raised
$9 Million
Round Type
series a
Investors
Ed Hallen2100 Ventures9900 CapitalCherry VenturesQed Investors
Description
Swap, the e-commerce operating system that manages all operations for direct-to-consumer brands, announced a $9 million Series A funding round led by QED Investors. The funding will enable Swap to launch Swap Global, unlock new markets through DDP shipping, automated tax remittance, and express customs clearance, and grow marketing and sales teams to broaden its footprint in the UK, Europe, and the U.S.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers