About SWING
SWING is a company based in Seoul (South Korea) founded in 2018 by San Kim.. SWING has raised $25 million across 1 funding round from investors including Smilegate, White Star Capital and Hashed. SWING operates in a competitive market with competitors including GCOO, deer, MaaS Asia, Alpaca and ZET, among others.
- Headquarter Seoul, South Korea
- Founders San Kim
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Swing Co., Ltd
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Annual Revenue
$35.44 M (USD)118as on Dec 31, 2022
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Net Profit
$123.33 M (USD)1as on Dec 31, 2022
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EBITDA
$56.73 K (USD)-95as on Dec 31, 2022
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Feb 07, 2022
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Investors
Smilegate
& 4 more
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Employee Count
Employee Count
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Funding Insights of SWING
SWING has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in February 2022. 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 1
- Last Round Series B — $25.0M
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First Round
First Round
(07 Feb 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - SWING | Valuation | White Star Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 SWING
SWING has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Smilegate, White Star Capital and Hashed. 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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A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds.
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Founded Year | Domain | Location | |
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Venture capital fund focused on crypto-assets
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Founded Year | Domain | Location | |
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Private equity investments are made in digital infrastructure and technology services.
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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 SWING
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SWING
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swing Comparisons
Competitors of SWING
SWING 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 GCOO, deer, MaaS Asia, Alpaca and ZET, 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 |
Self-drive electric kick-scooters are rented through an app-based platform.
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| domain | founded_year | HQ Location |
E-scooters are rented by users through a mobile application portal.
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| domain | founded_year | HQ Location |
Electric kick scooters are rented through an app-based platform.
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| domain | founded_year | HQ Location |
Electric bikes are rented through a mobile app in Seoul.
|
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| domain | founded_year | HQ Location |
ZET is focused on helping individuals build credit scores.
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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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Frequently Asked Questions about SWING
When was SWING founded?
SWING was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is SWING located?
SWING is headquartered in Seoul, South Korea.
Who is the current CEO of SWING?
San Kim is the current CEO of SWING. They have also founded this company.
Is SWING a funded company?
SWING is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Feb 07, 2022.
What is the annual revenue of SWING?
Annual revenue of SWING is $35.44M as on Dec 31, 2022.
What does SWING do?
Detailed insights into SWINGs activities or sectors are not provided on the website. No specific information regarding solutions, services, or operational focus is available from the content extracted.
Who are SWING's investors?
SWING has 5 investors. Key investors include Smilegate, White Star Capital, Hashed, HUMAX, and MC Partners.