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Discover how this startup raised $40M to revolutionize e-commerce. Providing a suite of tools to streamline online business operations.
Swap, a London-based startup founded in 2022, just secured $40 million in Series B funding to streamline e-commerce operations.
The platform consolidates everything from cross-border shipping to inventory forecasting into one system, saving online retailers from juggling multiple service providers.
The company serves brands making between $5M and $100M in revenue, including fashion labels Nadine Merabi and The Frankie Shop. With AI tools powered by Claude, Gemini, and ChatGPT, Swap helps predict inventory trends and handles complex tasks like international tax calculations.
ICONIQ Growth led the round, with QED Investors and others joining in. The funding will fuel Swap's international expansion, with new offices planned across Australia, Europe, Canada, and the US.
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Israeli startup Teramount raised $50M to solve AI's hidden bottleneck: connecting processors. While everyone builds faster chips, these physicists found the real problem in the wires between them. Their optical solution promises 100x speed gains.
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