US-headquartered proptech SwiftConnect has closed an oversubscribed equity fundraising of $10 million. The investment round was led by London-based VC Quadri Ventures known for its recent investment in Fyma alongside participation from new and existing investors.
With this round, the total investment in the company accounts for nearly $40 million. SwiftConnect plans to use the funds to extend its global footprint and continue expanding its customer experience teams with its rapidly growing portfolio of major enterprises and trophy buildings.
Centralised access management
Founded by Konrad Kruger, Guillaume Vachon, Steeve Beliveau, and Matt Kopel in 2020 in Connecticut, SwiftConnect digitises the workplace experience by connecting the right people to the right space at the right time. Being a provider of connected access enablement solutions, it allows users to interact with places, spaces and things by ensuring the digital pass is on their phone, watch or anywhere it needs to be.
Powering connected access experiences for commercial real estate owners and enterprises across financial and professional services, life sciences, technology, and other leading organisations, the platform integrates with existing mobile systems, credential technologies, and business systems to provide authorised access to everything, everywhere through centralised access management.
Mobile-based NFC solution
SwiftConnect allows employees and tenants to integrate their employee badge into Apple Wallet on their iPhone or Apple Watch following an initial setup. Once successfully added, the badge grants them access to their office building, office spaces, and shared fitness and amenity areas protected by NFC-enabled locks.
As of now, SwiftConnect’s seamless mobile-based NFC solution is live in over 80 million square feet of commercial real estate space across dozens of commercial real estate buildings and enterprises. The company’s current customer base represents a potential opportunity of over 750 million square feet of office space and more than one million users. SwiftConnect was the first in the world to introduce employee badge in Apple Wallet, enabling connected access at Silverstein’s iconic 7 World Trade Centre.
““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-calibre customer base, rapid-paced growth, and future potential,” said Chip Kruger, Co-CEO of SwiftConnect.
“Quadri Ventures focuses on identifying, investing and assisting high-growth potential software companies and we are excited to back SwiftConnect as our inaugural US venture investment,” said Andrew Drylie, investment manager at Quadri Ventures, a cloud-focused global venture fund and the principal investor in this fundraise. “What sets SwiftConnect apart is the combination of its incredible product market fit plus the company’s impressive traction with large multinational enterprises and its solid footprint in corporate real estate buildings.”