Swap Raises $40M in Series B
Swap has successfully raised $40M in a Series B at a $250M valuation led by SoftBank Latin America Fund, Kaszek Ventures.
Company Overview
Swap is a Logistics company headquartered in Miami, FL, founded in 2019 with 150+ employees.
AI-powered e-commerce logistics
Fundraising Details
- Amount Raised: $40M
- Round Type: Series B
- Valuation: $250M
- Date: 2024-07-20
- Investors: SoftBank Latin America Fund, Kaszek Ventures
About Swap
AI-powered e-commerce logistics The company is positioned in the Logistics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Miami, FL
- Founded: 2019
- Team Size: 150+
- Industry: Logistics
What This Means
This funding round demonstrates strong investor confidence in Swap's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Swap's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $250M valuation marks an important milestone for Swap, positioning the company among notable players in the Logistics industry.
Looking Ahead
With this new capital, Swap is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-07-20. For more information about Swap, visit their headquarters at Miami, FL.
