Swap Commerce raises $100 million six months after a $40 million Series B

TechCrunch
TechCrunch
1h ago
Swap Commerce, a London- and New York-based e-commerce startup that competes with Shopify, announced a $100 million funding round six months after raising a $40 million Series B.
Swap Commerce raises $100 million six months after a $40 million Series B
A What happened
Swap Commerce announced a new $100 million funding round on Wednesday, six months after raising a $40 million Series B led by Iconiq. VC firms DST Global and Iconiq invested in the company. Founded in 2022, Swap Commerce offers an AI-powered platform for web storefronts, cross-border transactions, inventory management, and returns. The company declined to comment on its latest valuation.
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Key insights

  • 1

    Swap Commerce targets global-selling brands: Swap Commerce particularly targets companies looking to sell their goods globally and provides tools for cross-border transactions, inventory management, and returns.

  • 2

    Luxury clothing brands are a key user segment: The platform has become popular with luxury clothing brands.

Takeaways

Swap Commerce has raised $100 million from DST Global and Iconiq and is expanding an AI-powered e-commerce platform that competes with Shopify.

Topics

Technology & Innovation Artificial Intelligence Business & Markets Startups/VC Retail & E-commerce

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