Sway (fka Returnmates), a Los Angeles, CA-based platform for shipping and returns, raised $19.5M in Series A funding.
The round saw participation from 7GC, with participation from Blackhorn Ventures, Lightshed Ventures, Rise of the Rest Revolution, etc.
The funding will be used to grow the team, expand coverage from 20 to 25 cities, and enhance the technology to provide additional value for both brand partners and consumers.
Led by CEO Eric Wimer, and Co-Founder Kristian Zak, Sway provides a shipping and returns experience that is personalized to the shopper. By leveraging a two-way communication platform and a flexible network of driver-partners, Sway delivers packages from retailers, pick up the returns if they don’t work out, and pick up, package, and ship goods users’ve sold on a marketplace. The services are available across major cities in California, Texas, Washington, Washington DC, Maryland, Virginia, New York, and Florida.
FinSMEs
19/01/2024