SwiftConnect closes $17m Series A financing to scale access control integration platform for hybrid workplaces
SwiftConnect, a software platform provider that enables flexible work by connecting the right people to the right space at the right time, announced it has closed $17 million Series A round of financing.
The round was co-led by real estate tech investors JLL Spark Global Ventures and Navitas Capital, with participation from Bridge Investment Group, Crow Holdings, Cushman & Wakefield, Jamf, Nuveen, World Trade Ventures and 1414 Ventures.
Founded in 2020, SwiftConnect has raised $27 million in total funding. The investment will allow SwiftConnect to further scale its customer success, professional services and engineering teams. The new funding will also support the company's geographic expansion in Europe and Australia.
Chip Kruger and Matt Kopel, Co-founders, SwiftConnect: "The participation of these standard-setting strategic investors is an affirmation of the value, traction and importance of the SwiftConnect platform in the marketplace for managing physical access control. The investment further validates SwiftConnect's vision and provides the foundation for our continued leadership in deploying NFC-based mobile credentials as the need for flexible workplaces continues to evolve. This unique value we deliver is why leading commercial real estate and enterprise brands have chosen to adopt our platform."
The company recently announced a strategic alliance with Microsoft to transform places where people work and was named the 2022 Grand Prize Winner, Emerging Startup category, in the prestigious Real Estate Tech Awards (RETAs). Earlier this year, SwiftConnect was a core part of deploying NFC mobile credentials at Silverstein Properties' 7 World Trade Center in New York City.
In addition, JLL Spark Global Ventures is strategically partnering with SwiftConnect to deploy SwiftConnect's software across select asset owners and enterprise tenants from JLL's global client base, which includes 600 customers in more than 130 countries. Over six billion square feet is managed in deployed systems within JLL's real estate portfolio.
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