Swap has secured $100 million in fresh Series C funding to double down on its vision of becoming the infrastructure layer for global commerce, just six months after closing a $40 million Series B .
The new round positions the New York -based company as a key player in the race to build end-to-end, AI-driven tools that help brands sell, ship, and get paid anywhere in the world. Swap’s $100 Million Series C Commerce operating system Swap has raised $100 million Series C funding , co-led by DST Global and ICONIQ ,
with ICONIQ increasing its stake by “doubling down” on its original investment. The new capital will be used to scale Swap’s end-to-end commerce platform and reinforce its position as a leading global solutions provider for brands.
This latest round follows Swap’s $40 million Series B, completed just six months earlier, which focused on accelerating expansion across the U.S., EU, Australia, and Canada . The rapid fundraising cadence signals strong investor conviction in Swap’s business model and growth trajectory across new regions and verticals.
From returns to full-stack commerce OS Originally known as a returns-focused platform, Swap has rapidly expanded its product suite to include cross-border logistics, tax, and demand planning, evolving into a full commerce operating system.
Over the past year, the company has built AI-driven infrastructure that lets agentic tools transact, recommend products, and process payments for brands across multiple merchants globally…
