# Swapp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swapp-2

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.swapp.net
- Total disclosed funding: $19M
- Latest round: Series A (May 17, 2023)
- Investors on record: 6

## About

Swapp is an innovative company based in Israel that automates documentation processes for the architecture industry, enhancing efficiency through machine learning and artificial intelligence.Founded in 2019, Swapp specializes in creating automation tools tailored for architectural documentation and modeling. The company, headquartered in Tel Aviv, Israel, was co-founded by Adi Shavit, Eitan Tsarfati, and Yasar Demirkent. Recently, on May 17, 2023, Swapp raised USD 11.5 mn in Series A funding led by Eurazeo, with participation from Activum SG Capital Management, Entrée Capital, and XTX Ventures. This round has brought the total amount raised by the company to USD 11.5 mn.SWAPP primarily offers an innovative automation tool designed for the architecture industry, focusing on documentation and modeling processes. The core product, SWAPP, automates tedious tasks such as dimensioning, tagging, and annotating architectural elements, significantly improving efficiency and consistency in construction documentation. By utilizing machine learning and artificial intelligence, SWAPP adapts to firm-specific standards and evolves based on feedback, ensuring that documentation reflects both the aesthetic and functional requirements of various architectural styles. The end users of SWAPP include leading architectural firms across various geographical markets, including North America, Europe, and Asia, where there is a demand for enhanced productivity in design and documentation workflows. The platform seamlessly integrates with popular Building Information Modeling (BIM) software, such as Revit, enhancing existing workflows rather than disrupting them.SWAPP operates on a subscription-based revenue model, providing clients with access to its suite of automation tools tailored to meet their specific documentation and modeling needs. The structure of transactions typically involves annual or multi-year subscriptions, allowing firms to utilize SWAPP’s features in a scalable manner as their project demands grow. By partnering with architectural firms, SWAPP ensures a continuous revenue stream through these subscriptions, which grant access to its flagship automation capabilities and support services. The company's focus on delivering value through significant reductions in manual workload and time savings positions it as a critical tool for enhancing architectural productivity.Following its recent Series A funding round in May 2023, wherein Swapp raised USD 11.5 mn to enhance customer engagement and product development, the company plans to further develop its automation tools and expand into new markets. Specific geographic regions targeted for expansion include North America and Europe, with anticipated activities commencing in 2024. The funding will facilitate the exploration of new product features and enhancements that align with the evolving needs of architectural firms.

## Funding rounds

- Series A, May 17, 2023, $12M — Eurazeo, Activum SG Capital Management, Entree Capital, XTX Ventures
- Seed, Jan 20, 2021, $7M — Entree Capital, Point72 Asset Management
- Seed, Aug 11, 2019 — Waveline Ventures

## Investors

- Waveline Ventures (https://capitalatlas.ai/funds/waveline-ventures) — Seed
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed, Series A
- Point72 Asset Management — Seed
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series A
- Activum SG Capital Management — Series A
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Series A