# Swaplanet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swaplanet

- Industry: Internet
- Headquarters: Athens, Greece
- Website: www.swaplanet.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Apr 4, 2023)
- Investors on record: 6

## About

Based in Athens, Greece, and co-founded by Sherif Barakat (CEO), Elena Stamou, and Jimmy Nicolaidis in 2021, Swaplanet operates as an online marketplace where children's clothing can be exchanged through the Swaplanet platform. In April 2023, the firm raised EUR 425,000 in venture funding co-led by investors Genesis Ventures and Zeno Capital, with participation from another investor Hellenic Business Angels Network. The firm, as of April 2023, employs 8 employees and has over 3,500 users throughout Greece with more than 30,000 items of clothing from parents and over 14,000 goods posted on the platform for exchange.

The company enables parents to trade, pass on, and sell clothes for their infants and children aged 0 to 14 years, who have outgrown. The platform offers textiles from over 2000 brands including Mothercare, H&M, Zara, Lupilu, GAP, etc. Apart from clothes the firm also allows the swapping of kids' shoes and books, which have limited usable lifetimes.

The company plans to utilize its April 2023 funding to extend its influence throughout Greece, further accelerate its operations, boost user acquisition, and offer more innovative technologies.

## Funding rounds

- Seed, Apr 4, 2023, $0.5M — Zeno Capital, Alumni Ventures Group, StartTech Ventures, Genesis Ventures, Acasia, Hellenic Business Angels Network

## Investors

- Zeno Capital — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- StartTech Ventures (https://capitalatlas.ai/funds/starttech-ventures) — Seed
- Genesis Ventures — Seed
- Acasia (https://capitalatlas.ai/funds/acasia) — Seed
- Hellenic Business Angels Network (https://capitalatlas.ai/funds/hellenic-business-angels-network) — Seed