Total amount raised
$49 Millions
Latest funding date
3/1/2025
Location
Swap has successfully raised €36.9 million and $40 million in a Series B funding round, attracting investors like QED Investors and 9900 Capital. The platform specializes in returns, exchanges, and funding for e-commerce, offering an all-in-one operating system designed to scale brands globally.
Keep reading to explore the intricacies of Swap's fundraising journey and the investors backing this innovative platform.
What Is Swap?
Founded in 2021, Swap is a London-based software company specializing in returns, exchanges, and funding for e-commerce. The company offers a comprehensive operating system designed to help brands scale globally by consolidating multiple e-commerce functions into a single platform.
Swap was established to address the complexities of e-commerce logistics, providing solutions that improve efficiency and reduce costs. The platform includes features such as shipping, tracking, returns, protection, recycling, and insights.
With a team of 11-50 employees, Swap continues to innovate in the e-commerce space, attracting significant investment to fuel its growth and expansion.
How Much Funding Has Swap Raised?
- Series A
- Amount Raised: $9M
- Date: April 2024
- Lead Investors: QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and expand market reach.
- Series B
- Amount Raised: $40M
- Date: March 2025
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and enhance AI capabilities.
Total Amount Raised: $49M. Current Valuation: Not publicly disclosed.
Key Investors
- ICONIQ Growth
- Details: ICONIQ Growth partners with visionaries to transform industries, supporting companies from early growth stages to IPO and beyond. They are known for their strategic investments in high-growth tech companies.
- Investment Focus Areas: Technology, growth-stage companies, innovative startups
- Notable Investments: Adyen, AirBnB, Alibaba
- QED Investors
- Details: QED Investors is a leading venture capital firm focused on investing in early-stage, disruptive financial services companies. They have a strong track record in fintech and technology-driven companies.
- Investment Focus Areas: Fintech, financial services, technology-driven companies
- Notable Investments: Credit Karma, SoFi, Avant
- Cherry Ventures
- Details: Cherry Ventures is a Berlin-based venture capital firm that invests in early-stage tech startups, particularly in Europe. They focus on supporting founders from the seed stage through to growth.
- Investment Focus Areas: Early-stage tech startups, e-commerce, software
- Notable Investments: FlixBus, Auto1 Group, Infarm
- Portfolio Ventures
- Details: Portfolio Ventures is an investment firm that focuses on early-stage startups across various sectors. They aim to support innovative companies with high growth potential.
- Investment Focus Areas: Early-stage startups, technology, diverse sectors
- Notable Investments: Not publicly disclosed
- 9900 Capital
- Details: 9900 Capital is a venture capital firm that invests in companies addressing inefficiencies in logistics, returns, and inventory management. They are committed to supporting sustainable and scalable solutions in the e-commerce space.
- Investment Focus Areas: Logistics, e-commerce, sustainability
- Notable Investments: Not publicly disclosed
What's Next for Swap?
Swap's future looks promising as it aims to capitalize on the booming global cross-border e-commerce market, projected to surpass $1 trillion by 2025. The company plans to expand into new regions such as the U.S., EU, Australia, and Canada, while also deepening its reach in the U.K. market. Additionally, Swap is targeting new verticals like beauty, home goods, and consumer technology, which could significantly boost its market presence.
With the recent $40 million Series B funding, Swap is well-positioned for future growth. The company may pursue additional fundraising rounds to support its ambitious expansion plans and enhance its AI capabilities. However, challenges such as managing the complexities of cross-border commerce and adapting to evolving trade regulations could pose hurdles. Despite these challenges, Swap's innovative approach and strategic investments make it a strong contender in the e-commerce logistics space.
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