About SwiftVee
SwiftVee is a company based in Cape Town (South Africa) founded in 2016 by Russel Luck.. SwiftVee has raised $11.5 million across 2 funding rounds from investors including Subtropico and HAVAIC. SwiftVee operates in a competitive market with competitors including Auction Software, Wavebid, Altum Systems, AuctionApp and AuctionSoft, among others.
- Headquarter Cape Town, South Africa
- Founders Russel Luck
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.5 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Nov 27, 2025
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Investors
Subtropico
& 1 more
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Employee Count
Employee Count
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Funding Insights of SwiftVee
SwiftVee has successfully raised a total of $11.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in November 2025. 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 2
- Last Round Series A — $10.0M
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First Round
First Round
(04 Nov 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series A - SwiftVee | Valuation | HAVAIC |
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| Nov, 2020 | Amount | Series A - SwiftVee | Valuation | Subtropico |
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| 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 SwiftVee
SwiftVee has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Subtropico and HAVAIC. 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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Private equity and infrastructure fund focused on agricultural, services, and trading sectors
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Founded Year | Domain | Location | |
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Early-stage centric tech and energy focused VC firm investing in geographies such as South Africa
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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 SwiftVee
| 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 - SwiftVee
| 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 |
Swiftvee Comparisons
Competitors of SwiftVee
SwiftVee 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 Auction Software, Wavebid, Altum Systems, AuctionApp and AuctionSoft, 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 |
Auction software solutions are provided for business auction needs.
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| domain | founded_year | HQ Location |
Auction management software and tools are provided to auctioneers.
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| domain | founded_year | HQ Location |
Altum Systems provides an online platform for auction management software.
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| domain | founded_year | HQ Location |
Provides branded mobile applications and web-based platforms for online auctions.
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| domain | founded_year | HQ Location |
Provides app-based auction management solutions tailored for e-commerce businesses.
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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 Swiftvee
Frequently Asked Questions about SwiftVee
When was SwiftVee founded?
SwiftVee was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is SwiftVee located?
SwiftVee is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of SwiftVee?
Russel Luck is the current CEO of SwiftVee. They have also founded this company.
Is SwiftVee a funded company?
SwiftVee is a funded company, having raised a total of $11.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Nov 04, 2020.
What does SwiftVee do?
Online auction platform for buying and selling livestock products. It offers a mobile application where farmers can register and can make bids online or watch live online auction video streams. The category for bidding includes cattle, sheep, and goats.
Who are the top competitors of SwiftVee?
SwiftVee's top competitors include Auction Software, Wavebid and Altum Systems.
Who are SwiftVee's investors?
SwiftVee has 2 investors. Key investors include Subtropico, and HAVAIC.
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