SwiftConnect Raises $17M Series A Funding to Scale Access Control Platform
SwiftConnect links its customers to the Apple Wallet and Android NFC virtual badge. IMAGE COURTESY OF SWIFTCONNECT
SwiftConnect, a startup access control software platform provider, has closed a $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 the Stamford, Conn.-based company 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, according to an announcement.
“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,” stated Chip Kruger and Matt Kopel, co-founders of SwiftConnect. “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.”
A spokesperson told SDM SwiftConnect works collaboratively with the security integrator channel on customer engagement. As a startup, the company is working to solidify its channel strategy as part of maturing and growing its customer base.
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 Real Estate Tech Awards (RETAs). Earlier this year, the company 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 the company'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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