Total amount raised
$16.8 Millions
Latest funding date
06/01/2022
Location
Swoop Funding has successfully raised capital through multiple funding rounds, establishing itself as a key player in the business finance and savings marketplace. The platform offers a range of financial services, including business loans, equity financing, grants, and commercial mortgages.
Keep reading to explore the intricacies of Swoop Funding's journey and the diverse financial solutions it provides to businesses in the UK.
What Is Swoop?
Swoop Funding operates within the financial services industry, providing a platform that assists businesses in securing various types of funding, including loans, equity finance, and grants. The company also offers services to help businesses save on operational costs such as energy and banking.
With multiple office locations across the UK, USA, Canada, Australia, Ireland, and South Africa, Swoop Funding emphasizes ease of use and security through a user-friendly dashboard for managing funding and savings options. The company is regulated by the Financial Conduct Authority in the UK.
How Much Funding Has Swoop Raised?
- Round Name: Grant
- Amount Raised: €400K
- Date: December 2018
- Lead Investors: Nesta
- Round Name: Grant
- Amount Raised: £5M
- Date: June 2019
- Lead Investors: Capability and Innovation Fund
- Round Name: Non-Equity Assistance
- Date: May 2021
- Lead Investors: MassChallenge Switzerland
- Round Name: Grant
- Amount Raised: £2.5M
- Date: October 2021
- Lead Investors: Capability and Innovation Fund
- Round Name: Series A
- Amount Raised: €6.3M
- Date: June 2022
- Lead Investors: -
Swoop Funding has raised a total of €14.2M through various funding rounds.
Key Investors
- Capability and Innovation Fund
- Details: The Capability and Innovation Fund is a UK-based initiative aimed at supporting financial services and technology innovation. It is part of the Banking Competition Remedies program.
- Investment Focus Areas: Financial technology, banking, innovation.
- Notable Investments: Starling Bank, ClearBank, Swoop Funding.
- Nesta
- Details: Nesta is an innovation foundation based in the UK, focused on bringing bold ideas to life to change the world for good. It operates as a charity and works across various sectors.
- Investment Focus Areas: Education, health, government innovation.
- Notable Investments: FutureGov, Swoop Funding, Third Space Learning.
- MassChallenge Switzerland
- Details: MassChallenge Switzerland is part of the global MassChallenge network, which supports high-impact startups through a zero-equity accelerator program. It aims to help entrepreneurs across all industries.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Swoop Funding, AgroSustain, Bloom Biorenewables.
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