Series B

Evolving Ecommerce

As trade regulations evolve and costs go up for merchants, Swap’s full-suite of operations tools work together to streamline and scale business at pace with global trade.

With participation from Cherry Ventures, QED, and 9900 in the Series B, Swap will deepen its reach in the U.K. market while accelerating expansion into the U.S. and EU plus new regions, including Australia and Canada.

Seth Pierrepont

General Partner of ICONIQ Growth

“We have been impressed by Swap’s product focus and velocity. As cross-border commerce becomes increasingly complex, we have seen Swap emerge as a valuable partner for direct-to-consumer brands by unifying fragmented global e-commerce operations into a cohesive platform. We believe the company is well positioned to be a leading software enabler of global e-commerce and are excited to support them on this journey.”

Dinika Mahtani

Partner, Cherry Ventures

Since Cherry's seed investment two years ago, we've been extraordinarily impressed by Sam and the Swap team's speed of execution in helping merchants simplify their operations. As global trade grows more complex, Swap is now a key infrastructure layer in the foundation of tomorrow's generation of global brands.

Yusuf Ozdalga

Partner, QED Investors

"E-commerce lies at the heart of growth and increased economic productivity, and QED Investors is proud to continue supporting Swap as they deliver innovative solutions for merchants, making cross-border trade, customs, shipping and logistics a smoother and simpler experience."

Chris Corbishley

Managing Partner, 9900 Capital

“The global cross-border e-commerce market is booming, surpassing $1 trillion in 2025 and growing 30% yearly - yet millions of sellers still struggle to scale due to inefficient logistics, returns, and inventory management, which hurt both profits and the environment. Swap’s E-commerce OS solves these challenges, making global selling smoother and more sustainable.”

Moving Forward

Beyond Swap’s strength in apparel, it will also be expanding into verticals like beauty, home goods, and consumer technology. The capital will also allow Swap to increase investment in their product, sales, and marketing teams, and further its investment in building out its AI.

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Swap Secures $40 Million in Series B Funding

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