Swap, a logistics startup founded in 2022, has secured $40 million in Series B funding led by ICONIQ Growth. The company streamlines operations for e-commerce brands by consolidating logistics—such as shipping, order tracking, and inventory management—into one platform. This integration allows brands to handle operations more efficiently and supports them throughout the entire product lifecycle. Additionally, with the introduction of AI, Swap aims to enhance its services in areas like inventory forecasting and cross-border tax filing, while expanding its reach to international markets and catering to growing e-commerce brands with revenues between $5 million and $100 million.
Swap has raised $40 million in Series B funding led by ICONIQ Growth, consolidating multiple logistics functions for e-commerce brands into one platform.
Cofounder Sam Atkinson emphasized that consolidating logistics helps brands manage operations more efficiently throughout the entire product lifecycle.
The integration of AI in Swap’s platform aims to enhance inventory management, forecasting trends, and improving cross-border tax filing processes.
With the latest funding, Swap plans to expand internationally, targeting e-commerce brands generating between $5 million and $100 million in revenue.
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