Swap, a London, UK-based e-commerce operating system, raised $9M in Series A funding.
The round was led by QED Investors, with participation from Cherry Ventures, 9900 Capital, 2100 Ventures, and Ed Hallen, the Co-Founder of Klaviyo.
The company intends to use the funds to launch Swap Global (designed to unlock new markets through DDP shipping, automated tax remittance, and express customs clearance), grow its marketing and sales teams and to broaden its presence in the UK, Europe, and the U.S.
Founded in 2022 by Sam Atkinson and Zach Bailet, Swap provides an e-commerce operating system that manages all operations for direct-to-consumer brands. The solution is designed to help direct-to-consumer brands simplify their tech stack, by improving every pain point in a brand’s operations journey – from shipping, tracking, and package-protection, to returns and cross-border.
Swap currently partners with hundreds of DTC brands, including PANGAIA, Retrofete, Hill House Home, Drake’s, Percival, Nadine Merabi, and more.
FinSMEs
30/04/2024