Swiftly, a Seattle, Washington-based retail technology platform company delivering omnichannel tools for retailers, announced that it raised $100 million in Series C funding.
The round was led by BRV Capital Management (BRV Capital), bringing the company's total valuation to more than $1 billion.
In less than six months, Swiftly doubled its funding to $210 million as the company continues to provide brick-and-mortar retailers the technology needed to build strong digital customer relationships while offering a best-in-class retail media network.
Its innovative solutions allow retailers to compete against retail giants that have deployed custom-built advanced tools in the retail market, which is long out of reach of most retailers.
The funding will be used to continue Swiftly's rapid growth and to expand its product offerings into new geographies.
"Our mission is to empower brick-and-mortar retailers to move from analog to algorithms, as winners in this new era of commerce will be determined by how fast they can reinvent their business to capture shoppers digitally and monetize those digital relationships," said Henry Kim, co-founder, and CEO of Swiftly. "We are grateful to BRV Capital for their support that will enable us to turn today's brick-and-mortar retailers into tomorrow's omnichannel leaders."
Swiftly is democratizing the technologies once monopolized in a way that will foster more equitable competition. Additionally, retailers can generate new revenue from advertising dollars and empower brands to yield better analytics and higher returns on ad spend, all while offering customers a more personalized and connected shopping experience.
Company: Swiftly Systems Inc.
Raised: $100.0M
Round: Series C
Funding Month: September 2022
Lead Investors: BRV Capital Management
Additional Investors:
Company Website: https://www.swiftly.com/
Software Category: Retail Technology Platform
About the Company: Swiftly, founded in 2018, is a leading provider of technology and retail media solutions to retailers. Swiftly provides innovative solutions that drive retail engagement and empower retailers to own their customers' digital relationships. The Swiftly® digital ecosystem enables retailers to increase sales and build loyalty while allowing brands to reach more customers via retail media networks. Swiftly's technology leverages the power of AI to assist retailers in developing strong digital relationships with customers and delivering exceptional sales results. Swiftly-powered Retail Media Networks enable America's leading brands to influence consumers throughout their purchasing journeys while providing the closed-loop reporting that drives high-performing advertising campaigns. Swiftly's retail tools, mobile platforms, analytics tools, and retail media networks enable retailers to accelerate sales and build loyalty. At the same time, brands can reach more customers and amplify campaigns by leveraging the power of first-party data. Swiftly trusted by hundreds of iconic brands, it democratizes retail technology and provides retailers with the tools they need to compete in today's crowded market.
Source: https://www.swiftly.com/blog/swiftly-announces-second-100-million-investment-at-unicorn-status-valuation