The e-commerce operating system Swap, situated in London, UK, has secured $9 million in Series A funding.
Investors
- QED (led the round)
- Ed Hallen,co-founder of Klaviyo
- Cherry Ventures
- 9900 Capital
- 2100 Ventures
With the money, the company plans to expand its marketing and sales teams, introduce Swap Global (which aims to open up new countries via automatic tax remittance, DDP shipping, and expedited customs processing), and increase its footprint in the UK, Europe, and the US.
Sam Atkinson and Zach Bailet founded Swap in 2022. It is an e-commerce operating system that handles all aspect of business management for direct-to-consumer enterprises. The product is made to ease every pain point in a brand’s operational journey, from cross-border and return processing to package protection, tracking, and shipping for direct-to-consumer companies.
Hundreds of DTC businesses, such as PANGAIA, Retrofete, Hill House Home, Drake’s, Percival, Nadine Merabi, and others, are presently partners of Swap.
Regarding Swap
It is an online thrift and consignment company that sells gently used maternity, men’s, women’s, and infant clothes and accessories. The company has a fulfillment center located in Rocky Mount, North Carolina, and operates out of the Chicago neighborhood of Downers Grove, Illinois [4].
