Swiftt Development
Latest round
- Seed
Last raised
- Aug 2020
Total raised
- $5M
Investors
- 1
About Swiftt Development
Swiftt Development Ltd.Founded in 2019, Swiftt Development Ltd. is headquartered in Tel Aviv-Yafo, Israel. The company focuses on providing innovative procurement solutions. It has completed three deals, with the most recent one on April 12, 2021, when it was acquired by Tipalti, Inc. from Aleph for undisclosed financial terms.Swiftt Development Ltd. offers a comprehensive suite of procurement software solutions aimed at automating and streamlining the purchasing journey for organizations. Its key offerings include procurement automation features that support a connected workflow throughout the entire intake-to-procure process. The software includes customizable forms and an intuitive interface for quick submission of purchase requests, which are then routed for approvals using automated, rules-based processes. Core functionalities consist of supplier onboarding, purchase order (PO) generation, and tracking of Goods Received Notes (GRN) to ensure accurate PO matching. This suite aims to minimize maverick spending, strengthen compliance, and provide real-time insights into spending patterns, serving a client base of medium to large enterprises across various sectors, including technology, finance, and public sectors, with notable clients like Cybereason, PubMatic, and Plentific.Swiftt Development Ltd. generates revenue through a subscription-based model for its procurement software, which includes tiered pricing plans tailored to different client needs. Clients subscribe to various service levels that encompass features like supplier management, automated workflows, and analytics capabilities. Transactions occur in a B2B context, with annual subscriptions structured to include additional costs for premium features or integrations with existing enterprise systems.Following its acquisition by Tipalti, Inc. in April 2021, Swiftt Development Ltd. will leverage the resources of its parent company to enhance its portfolio of financial operations offerings. This strategic alignment aims to facilitate growth for companies in need of improved spend visibility and financial controls. The focus will be on expanding into new geographic markets and enhancing product offerings, although specific details on upcoming products or targeted regions are not publicly disclosed at this time.
Who invested in Swiftt Development
1 investor across 1 round
See all investors in Swiftt Development
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Aug 4, 2020
Amount
$5M
Investors
Questions about Swiftt Development
Who invested in Swiftt Development?
Swiftt Development 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 Swiftt Development raised?
Swiftt Development has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Swiftt Development last raise money?
Swiftt Development's most recent round on record is a Seed, in Aug 2020.
What does Swiftt Development do?
Swiftt Development is a software company.
Where is Swiftt Development headquartered?
Swiftt Development is headquartered in Tel Aviv-Yafo, Israel.
Which VCs invest in companies like Swiftt Development?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Swiftt Development's stage. Their profiles are linked below.
VCs backing software startups at Seed
Raising like Swiftt Development? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.