Swap has secured $100 million in fresh Series C funding to double down on its vision of becoming the infrastructure layer for global commerce, just six months after closing a $40 million Series B. The new round positions the New York-based company as a key player in the race to build end-to-end, AI-driven tools that help brands sell, ship, and get paid anywhere in the world.
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.
Over the past year, the company has built AI-driven infrastructure that lets agentic tools transact, recommend products, and process payments for brands across multiple merchants globally.
The new funding will help Swap deepen this operating system approach so brands can manage everything from returns to cross-border fulfillment and tax compliance on a single stack…
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