Swap Revolutionizes Global Commerce with Backing from Cherry Ventures
Deal News | Mar 04, 2025 | Cherry Ventures GmbH
Cherry Ventures has been a pivotal investor in Swap's mission to revolutionize global commerce. Since the initial seed funding, Swap has developed a platform that now processes over $100 million annually and works with 400 leading brands such as Pangaia and Drakes. Cherry Ventures recently participated in Swap's $40 million Series B funding, aiming to further develop the infrastructure necessary for future global brands, demonstrating the influential role of European tech companies in shaping international markets.
Sectors
- Financial Services
- Technology
- E-commerce
Geography
- Europe – Cherry Ventures and Swap are European-based companies influencing the global market.
- Global – Swap's platform serves global brands and processes transactions worldwide.
Industry
- Financial Services – Cherry Ventures is a venture capital firm providing funding for Swap's development.
- Technology – Swap operates a tech platform for global commerce infrastructure.
- E-commerce – Swap focuses on transforming cross-border commerce involving leading global brands.
Financials
- $100 million – Annual processing volume achieved by Swap's platform.
- $40 million – Amount raised in Swap's Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Swap | Target Company | Company | A technology platform focused on transforming cross-border commerce. |
| Cherry Ventures GmbH | Investor | Company | A European venture capital firm backing Swap's growth. |
| Pangaia | Client | Company | A leading brand utilizing Swap's commerce platform. |
| Drakes | Client | Company | Another top brand supported by Swap's platform for global commerce. |