SwiftConnect, a Stamford, CT-based award-winning software platform provider that enables flexible work by connecting the right people to the right space at the right time, announced that it closed its $17 million Series A round of financing.
The round was co-led by real estate tech investors JLL Spark Global Ventures and Navitas Capital, with participation from Bridge Investment Group, Crow Holdings, Cushman & Wakefield, Jamf, Nuveen, World Trade Ventures, and 1414 Ventures.
The investment will allow SwiftConnect to scale further its customer success, professional services, and engineering teams. The new funding will also support the company’s geographic expansion in Europe and Australia.
“The participation of these standard-setting strategic investors is an affirmation of the value, traction, and importance of the SwiftConnect platform in the marketplace for managing physical access control,” said Chip Kruger and Matt Kopel, Co-Founders of SwiftConnect. “The investment further validates SwiftConnect’s vision and provides the foundation for our continued leadership in deploying NFC-based mobile credentials as the need for flexible workplaces continues to evolve. This unique value we deliver is why leading commercial real estate and enterprise brands have chosen to adopt our platform.”
The company recently announced a strategic alliance with Microsoft to transform places where people work. It was named the 2022 Grand Prize Winner, Emerging Startup category, in the prestigious Real Estate Tech Awards (RETAs). Earlier this year, SwiftConnect was a core part of deploying NFC mobile credentials at Silverstein Properties’ 7 World Trade Center in New York City.
In addition, JLL Spark Global Ventures is strategically partnering with SwiftConnect to deploy SwiftConnect’s software across select asset owners and enterprise tenants from JLL’s global client base, which includes 600 customers in more than 130 countries.
Company: SwiftConnect Inc.
Raised: $17.0M
Round: Series A
Funding Month: October 2022
Lead Investors: JLL Spark Global Ventures and Navitas Capital
Additional Investors: Bridge Investment Group, Crow Holdings, Cushman & Wakefield, Jamf, Nuveen, World Trade Ventures, and 1414 Ventures
Company Website: https://swiftconnect.io/
Software Category: Access Control Integration Platform
About the Company: Founded in 2020, SwiftConnect is an information transfer network that links access control systems (ACS) and other proptech solutions to streamline credentialing for companies and building owners. In addition to streamlining access management for entire property portfolios and global company offices – SwiftConnect links its customers to the Apple Wallet and Android NFC virtual badge – a first in the industry. SwiftConnect’s software platform enables seamless, flexible access by automating the provisioning and lifecycle management of access credentials across different buildings and office spaces. Regardless of location, SwiftConnect links the right people to the right office space at the right time, enabling anyone to work from anywhere in the world.
Source: https://swiftconnect.io/2022/10/25/swiftconnect-closes-17-million-series-a-financing-to-scale-access-control-integration-platform-for-hybrid-workplaces-in-corporate-real-estate/