About Swappie
Swappie is a company based in Helsinki (Finland) founded in 2016.. Swappie has raised $170.2 million across 4 funding rounds from investors including European Investment Bank, Verdane and Lifeline Ventures. Swappie operates in a competitive market with competitors including Rebuy, asgoodasnew, Wirkaufens, Valge Klaar and BuyZoxs, among others.
- Headquarter Helsinki, Finland
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Swappie Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$170.2 M (USD)
in 4 rounds
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Latest Funding Round
$18.44 M (USD), Debt – Conventional
Jun 03, 2024
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Investors
European Investment Bank
& 6 more
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Employee Count
Employee Count
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Funding Insights of Swappie
Swappie has successfully raised a total of $170.2M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $18.44 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $18.4M
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First Round
First Round
(28 May 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Debt – Conventional - Swappie | Valuation |
investors |
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| Feb, 2022 | Amount | Series C - Swappie | Valuation | Verdane | |
| Jun, 2020 | Amount | Series B - Swappie | Valuation | Tesi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Swappie
Swappie has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include European Investment Bank, Verdane and Lifeline Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in European startups across sectors.
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Swappie
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Swappie
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swappie Comparisons
Competitors of Swappie
Swappie operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rebuy, asgoodasnew, Wirkaufens, Valge Klaar and BuyZoxs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used electronic products are traded via an online marketplace.
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| domain | founded_year | HQ Location |
Refurbished electronic devices are offered via an online platform.
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| domain | founded_year | HQ Location |
Online platform for selling used electronics with valuation and free shipping.
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| domain | founded_year | HQ Location |
Multi-category electronics products are resold through an online platform.
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| domain | founded_year | HQ Location |
Operates as a multi-category online reseller for used goods.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Swappie
Frequently Asked Questions about Swappie
When was Swappie founded?
Swappie was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Swappie located?
Swappie is headquartered in Helsinki, Finland.
Is Swappie a funded company?
Swappie is a funded company, having raised a total of $170.2M across 4 funding rounds to date. The company's 1st funding round was a Series B of $40.6M, raised on May 28, 2019.
What does Swappie do?
Swappie was founded in 2016 in Helsinki, Finland, as an online platform focused on refurbished mobile devices. Pre-owned phones are sourced, refurbished, and offered for sale to customers across Europe. Authentication services for mobile phones are also provided to ensure quality and reliability. Operations center on e-commerce within the consumer electronics sector, emphasizing sustainable reuse of devices.
Who are the top competitors of Swappie?
Swappie's top competitors include Rebuy, asgoodasnew and Valge Klaar.
Who are Swappie's investors?
Swappie has 7 investors. Key investors include European Investment Bank, Verdane, Lifeline Ventures, Tesi, and Inventure VC.