SwapIt
Latest round
- Seed
Last raised
- Dec 2015
Total raised
- Undisclosed
Investors
- 1
About SwapIt
Founded in 2015, SwapIt operates as a marketplace enabling local users to trade items. The company has not reported any significant pivots in its business strategy. Headquartered in Central, Hong Kong, SwapIt was established by Patrick Kosiol, who also serves as the CEO.SwapIt offers a hyper-local marketplace platform designed for the buying, selling, and swapping of both used and new items. Its mobile application allows users to list items quickly and receive real-time notifications about listings and messages, fostering instant connections among users.SwapIt operates on a transaction-based revenue model, facilitating peer-to-peer sales for users to buy, sell, and trade items. The platform supports cash transactions occurring in person, simplifying the exchange process. Revenue is generated through the volume of transactions on the platform, which includes various items like fashion, electronics, and jewelry.Looking ahead, SwapIt aims to develop new features and products to enhance user experience, with a focus on expanding its marketplace functionalities. Plans for growth include entering new markets, specifically targeting regions with high trading potential by the end of 2017.
Who invested in SwapIt
1 investor across 1 round
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Funding rounds
Seed
Dec 10, 2015
Amount
Undisclosed
Investors
Questions about SwapIt
Who invested in SwapIt?
SwapIt has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SwapIt raised?
SwapIt has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did SwapIt last raise money?
SwapIt's most recent round on record is a Seed, in Dec 2015.
What does SwapIt do?
Founded in 2015, SwapIt operates as a marketplace enabling local users to trade items.
Where is SwapIt headquartered?
SwapIt is headquartered in Hong Kong, Hong Kong SAR - China.
Which VCs invest in companies like SwapIt?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back retail companies at SwapIt's stage. Their profiles are linked below.
VCs backing retail startups at Seed
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