VC companies DST World and Iconiq are piling into the London- and New York-based e-commerce startup Swap Commerce. On Wednesday the startup announced it raised a brand new $100 million spherical simply six months after elevating a $40 million Sequence B spherical led by Iconiq.
Based in 2022, Swap Commerce gives an AI-powered platform that helps manufacturers construct net storefronts and deal with cross-border transactions, stock administration, and returns. The platform has turn out to be well-liked with luxurious clothes manufacturers, and the corporate significantly targets corporations trying to promote their items globally. The corporate declined to touch upon its newest valuation.
The quick, substantial funding from such outstanding VCs marks Swap as a startup to look at, although Swap faces loads of competitors, together with e-commerce behemoth Shopify.
