Total amount raised
$22.8 Million
Latest funding date
2025-01-28
Location
Swoop Funding is a platform designed to connect businesses with various funding options and financial products, offering services such as business loans, grants, equity financing, tax credits, and commercial mortgages. The platform aims to streamline access to funding, making it easier for businesses to grow.
Keep reading to explore the intricacies of Swoop's fundraising journey and the investors backing this innovative platform.
What Is Swoop?
Swoop Funding, founded in 2018, operates within the financial services industry, specifically focusing on business funding and financial products. The platform connects businesses with various funding options, including loans, grants, and equity finance, aiming to streamline the process of accessing business finance.
With multiple locations worldwide, including London, Dublin, Sydney, and New York, Swoop serves as a virtual CFO, providing tools and resources to help businesses save on expenses and plan their finances effectively. The platform offers calculators, blogs, and case studies to support businesses in their financial journey.
How Much Funding Has Swoop Raised?
- Series Unknown
- Amount Raised: USD 6,000,000
- Date: January 2025
- Lead Investors: Sandbox Industries
- Series A
- Amount Raised: USD 6,930,000
- Date: June 2022
- Grant
- Amount Raised: USD 3,250,000
- Date: October 2021
- Lead Investors: Capability and Innovation Fund
- Non-Equity Assistance
- Date: May 2021
- Lead Investors: MassChallenge Switzerland
- Grant
- Amount Raised: USD 6,250,000
- Date: June 2019
- Lead Investors: Capability and Innovation Fund
- Grant
- Amount Raised: USD 450,000
- Date: December 2018
- Lead Investors: Nesta
Swoop has raised a total of USD 22,880,000 across all funding rounds.
Key Investors
- Sandbox Industries
- Details: Sandbox Industries is a venture capital firm based in Chicago, known for its focus on early-stage investments. They have a strong track record of supporting innovative startups and helping them scale.
- Investment Focus Areas: Healthcare, technology, agriculture.
- Notable Investments: Livongo, Tempus, Physera.
- Capability and Innovation Fund
- Details: The Capability and Innovation Fund is a UK-based initiative aimed at boosting competition and innovation in the financial services sector. It provides grants to companies that can drive significant advancements in the industry.
- Investment Focus Areas: Financial services, fintech, innovation.
- Notable Investments: Starling Bank, ClearBank, Swoop Funding.
- MassChallenge Switzerland
- Details: MassChallenge Switzerland is part of the global MassChallenge network, which supports high-impact startups through accelerator programs. They focus on fostering innovation and entrepreneurship.
- Investment Focus Areas: Technology, healthcare, social impact.
- Notable Investments: Not publicly disclosed.
- Nesta
- Details: Nesta is an innovation foundation based in the UK, dedicated to supporting ideas that can improve lives. They invest in projects that have the potential to create significant social impact.
- Investment Focus Areas: Education, healthcare, public services.
- Notable Investments: FutureGov, Third Space Learning, Swoop Funding.
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