Swap Accelerates its Vision with $100 million Funding

Swap’s $100 Million Series C Commerce operating system Swap has raised $100 million Series C funding, co-led by DST Global and ICONIQ, with ICONIQ increasing its stake by “doubling down” on its original investment.

The new capital will be used to scale Swap’s end-to-end commerce platform and reinforce its position as a leading global solutions provider for brands. This latest round follows Swap’s $40 million Series B, completed just six months earlier, which focused on accelerating expansion across the U.S., EU, Australia, and Canada.

The rapid fundraising cadence signals strong investor conviction in Swap’s business model and growth trajectory across new regions and verticals.

From returns to full-stack commerce OS Originally known as a returns-focused platform, Swap has rapidly expanded its product suite to include cross-border logistics, tax, and demand planning, evolving into a full commerce operating system…