# Swept Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swept-technologies

- Industry: Software
- Headquarters: Halifax, Canada
- Website: www.sweptworks.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Oct 10, 2017)
- Investors on record: 6

## About

Swept Technologies, Inc. delivers a specialized software platform designed for the janitorial and commercial cleaning sectors, enhancing operational efficiency through innovative tools and features.Swept Technologies, Inc. is focused on delivering software solutions for the janitorial industry, with its headquarters located in Halifax, Canada. Founded in 2014 by Megan Dewitt, the company has completed three significant funding deals, with the latest occurring on January 17, 2022. The most recent funding round was a Seed round, where they raised CAD 2.5 mn from investors including Afore Capital and Inovia Capital, bringing the total amount raised to CAD 2.5 mn.Swept Technologies, Inc. specializes in providing an all-in-one software solution tailored for the janitorial and commercial cleaning industry. Their core product offerings include a user-friendly cleaner app, online time tracking systems, real-time notifications, supply tracking, and comprehensive reporting functionalities. These tools aim to streamline operations for cleaning businesses by simplifying payroll reporting, facilitating communication, and enhancing operational efficiency. The software is designed for a diverse clientele, including commercial cleaning service providers and janitorial startups, with a strong focus on improving employee retention and customer satisfaction. Swept's products are utilized primarily in North America, with specific emphasis on markets in the United States and Canada, catering to businesses that require effective management solutions for cleaning operations.The revenue model for Swept Technologies revolves around subscription-based services for its janitorial software solutions. Clients typically engage with the company on a monthly subscription plan, with pricing structured around tiered packages that cater to different business sizes and operational needs. This model allows cleaning companies to access essential features such as time tracking, supply management, and customer communication tools, thus enhancing their service delivery. The flagship service includes an easy-to-use app that supports over 100 languages, designed to improve cleaner performance and facilitate client interactions. By offering flexible pricing plans, Swept Technologies positions itself to support a wide range of clients, from small startups to larger enterprises, thereby generating consistent revenue through ongoing service subscriptions.In January 2022, Swept Technologies, Inc. raised CAD 2.5 mn in venture debt funding from new investors FirePower Capital and The M&A Advisor. The company plans to leverage this funding to focus on enhancing its current software offerings while also exploring the development of new products tailored for the janitorial sector. Additionally, Swept Technologies aims to expand its services into new geographical markets, specifically targeting regions in the United States and Canada, enhancing their presence by the end of 2023.

## Funding rounds

- Seed, Oct 10, 2017, $2M — Inovia Capital, Afore Capital
- Seed, Feb 12, 2016, $0.6M — BDC Capital, Invest Nova Scotia, East Valley Ventures, Highline BETA

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Invest Nova Scotia — Seed
- East Valley Ventures (https://capitalatlas.ai/funds/east-valley-ventures) — Seed
- Highline BETA (https://capitalatlas.ai/funds/highline-beta) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed