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SwiftConnect, the access management innovator, closed Series B funding of $37 million to accelerate further the growth of its access network and enhance its products. Led by Quadri Ventures with first-time investors HDF part of ASSA ABLOY; Egis Capital Partners; and Klingenstein Fields Advisors, Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital.
Co-CEOs Chip Kruger and Matt Kopel founded SwiftConnect, easy digital access to spaces and places, ensuring a user interacts with his or her environment through mobile devices, smartwatches, or any other connected platform. The SwiftConnect network can be seamlessly integrated into existing mobile apps, credentialing systems, and business platforms, making it possible for organizations to manage access across a wide range of spaces whether employees, visitors, or contractors.
SwiftConnect’s portal is applicable for businesses in all sectors, such as commercial real estate, financial services, professional services, life sciences, and technology. It enables building owners and companies to enable streamlined access to their properties and facilities, build greater security, efficiency, and user experience.
SwiftConnect currently serves hundreds of millions of square feet of buildings across the globe and supports a diverse portfolio of customers from various industries. Their customer base is a huge growth opportunity with over a billion square feet of office space and over two million potential users.
This brings SwiftConnect’s total funding to date to $74 million. Its innovative platform connects access control systems (ACS) with other proptech solutions, simplifying credentialing and access management for both corporate office spaces and entire property portfolios. The user linkages to virtual badges via Apple Wallet and Android NFC technology are an industry-first and introduce a new level of convenience and flexibility into access management.
Its highly central and seamless way of managing access to buildings and offices will place SwiftConnect as a category leader with first-mover advantage. Long term, it aims to create the first standardized SSO for the physical world: an integrated network connecting access, identity, and physical spaces and enabling people, for the first time ever, to safely and efficiently enter into and engage with their environments.
SwiftConnect said it would use the Series B funding to rapidly scale the business, expand its global footprint, and drive the development of new product features. The financing will also enable the company to continue its pursuit of optimizing its access network and working in the constantly changing proptech sector.
As it continues to grow, SwiftConnect remains committed to its vision of making it easier and more secure to access physical spaces, supporting businesses and building owners as they unlock the full potential of their properties and spaces through a connected, digital-first approach.
