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Sway (Formerly Returnmates) Secures $19.5 Million In Funding

Jan 22, 2024over 1 year ago

Amount Raised

$19.5 Million

VeniceInformation Technology

Investors

Rise Of The Rest RevolutionLightshed VenturesBlackhorn Ventures7 Gc

Description

Sway recently announced a $19.5 million Series A led by 7GC. Additional participants in the round include Blackhorn Ventures, Lightshed Ventures, Rise of the Rest Revolution, and more. The funding will grow the team, expand coverage from 20 to 25 cities, and enhance the technology to provide additional value for brand partners and consumers.

Company Information

Company

Sway (formerly Returnmates)

Location

1113 ELECTRIC AVENUE

Venice, California, United States

About

Sway, formerly Returnmates, is a Los Angeles, CA-based technology company enabling a customer-centric delivery and return experience. Sway is purpose-built to serve the needs and expectations of today’s brands and shoppers. With next-day and two-day delivery services coupled with a revolutionary doorstep return and exchange product, brands are able to build stronger, lasting relationships with their customers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech