SwiftConnect Secures $10M in Funding to Expand Global Reach

SwiftConnect, a leading provider of connected access enablement, is celebrating a significant milestone today as it successfully closed an oversubscribed fundraise, securing an impressive $10 million in capital. This latest financial injection comes on the heels of their Series A financing and underscores the unwavering investor confidence in SwiftConnect’s expanding market presence. Notably, both new and existing investors rallied behind the company in this funding round.

“Our latest round of funding illustrates the excitement our existing and new investors have in SwiftConnect. This would not have been possible without our excellence in engineering and the great experience our Fortune 100 customers, major US and UK landlords, and leading advisory, investment, and legal firms have with our solutions. We deeply appreciate our investors’ commitment to SwiftConnect and their acknowledgement of our high-caliber customer base, rapid-paced growth, and future potential,” said Chip Kruger, Co-CEO of SwiftConnect.

The newly acquired capital will be pivotal in SwiftConnect’s expansion efforts, extending its global footprint and bolstering its customer experience teams to meet the demands of a growing portfolio of major enterprises and landmark buildings. To date, SwiftConnect’s seamless mobile-based NFC solution has been implemented across over 80 million square feet of commercial real estate space, spanning numerous commercial buildings and enterprises. With their current customer base representing a potential opportunity of over 750 million square feet of office space and more than one million users, SwiftConnect is poised for remarkable growth.

Kruger added, “By proactively scaling and extending our capabilities, SwiftConnect is well-positioned to serve a vast array of enterprises and real estate owners seeking to provide leading-edge connected access experiences to their users. The vote of confidence we have received from customers and investors further validates that our award-winning platform continues to exceed a very high bar of expectations for delivering a great user experience, enhancing security, and lowering costs. This bodes well for our continued growth.”

SwiftConnect made history as the first company to deploy NFC mobile credentials for connected access at the iconic 7 World Trade Center in New York City. Following this milestone, numerous commercial real estate and enterprise customers rapidly adopted SwiftConnect’s cutting-edge technology. These include major global financial services companies, biopharmaceutical giants, and enterprise application software leaders.

Andrew Drylie, investment manager at Quadri Ventures, a cloud-focused global venture fund and the principal investor in this fundraise, expressed his excitement about supporting SwiftConnect. He praised the company for its remarkable product-market fit and impressive traction with large multinational enterprises. Drylie noted that SwiftConnect’s enterprise-grade offering had consistently met and exceeded the rigorous requirements of financial services institutions and customers in heavily regulated industries.

In recognition of its remarkable success, SwiftConnect was named the Emerging Startup Grand Prize Winner in the prestigious CREtech Real Estate Tech Awards (RETAs), a testament to its pioneering role in the connected access enablement industry.

With the latest fundraise exceeding previous rounds’ pricing, SwiftConnect’s total funding now stands at nearly $40 million, positioning the company for continued innovation and market dominance.