SwiftConnect, a Stamford, Connecticut-based company that provides a SaaS platform for access control infrastructure, has raised $37 million in Series B funding, bringing its total funding to $74 million.
Investors
The round was led by Quadri Ventures, with participation from new investors HID (part of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. Returning investors include Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital.
Founded in 2023, Quadri Ventures is a venture capital firm based in London, United Kingdom, on a mission to be the leading value-add investor for B2B SaaS companies from Seed to Series B stages.
SwiftConnect Use of Funds
The funds will be used to expand the company’s access network, scale operations, drive geographic expansion, and support new product initiatives.
About SwiftConnect
SwiftConnect provides a cloud-based platform designed to streamline and digitize physical access management. Its platform, AccessCloud, enables users to access buildings, offices, and other secure areas using digital credentials stored in mobile wallets, such as NFC-enabled devices. The platform integrates seamlessly with existing access control, identity management, and building systems. SwiftConnect's customer base includes Fortune 100 companies, financial institutions, tech firms, and iconic real estate properties globally. Founded in 2020, SwiftConnect is based in Stamford, Connecticut.
Funding Details
Company: SwiftConnect Inc.
Raised: $37.0M
Round: Series B
Funding Date: November 2024
Lead Investor: Quadri Ventures
Additional Investors: HID, Egis Capital Partners, Klingenstein Fields Advisors, Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., Spring Rock Capital
Company Website: https://swiftconnect.io/
Software Category: Access Management
Source: https://www.businesswire.com/news/home/20241114122246/en/