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Swap secures $9 million in Series A funding led by QED Investors to launch Swap Global

Apr 30, 2024over 1 year ago

Amount Raised

$9 Million

Round Type

series a

LondonSoftware

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.

Company Information

Company

Swap

Location

London, England, United Kingdom

About

Swap was founded in 2022 by Sam Atkinson and Zach Bailet to empower merchants with a seamless, fully integrated experience that connects the myriad complexities of their operations. From cross-border and inventory management to pricing and returns - Swap drives efficiency and fuels extraordinary growth with AI-powered insights and actions. Swap is the first platform to connect every key operation in the merchant journey while leveraging data, analytics, and AI to unlock value and drive unmatched growth.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers