SwiftConnect Closes $17 Million Series A Financing to Scale Access Control Integration Platform for Hybrid Workplaces in Corporate Real Estate
Round co-led by tech investors JLL Spark Global Ventures and Navitas Capital; SwiftConnect to advance leadership in mobile credential technologies
STAMFORD, Conn. – October 26, 2022 – SwiftConnect, an award-winning software platform provider that enables flexible work by connecting the right people to the right space at the right time, today announced that it has closed its $17 million Series A round of financing. The round was co-led by real estate tech investors JLL Spark Global Ventures and Navitas Capital, with participation from Bridge Investment Group, Crow Holdings, Cushman & Wakefield, Jamf, Nuveen, World Trade Ventures and 1414 Ventures.
Founded in 2020, SwiftConnect has raised $27 million in total funding. The investment will allow SwiftConnect to further scale its customer success, professional services and engineering teams. The new funding will also support the company’s geographic expansion in Europe and Australia.
“The participation of these standard-setting strategic investors is an affirmation of the value, traction and importance of the SwiftConnect platform in the marketplace for managing physical access control,” said Chip Kruger and Matt Kopel, Co-Founders of SwiftConnect. “The investment further validates SwiftConnect’s vision and provides the foundation for our continued leadership in deploying NFC-based mobile credentials as the need for flexible workplaces continues to evolve. This unique value we deliver is why leading commercial real estate and enterprise brands have chosen to adopt our platform.”
The company recently announced a strategic alliance with Microsoft to transform places where people work and was named the 2022 Grand Prize Winner, Emerging Startup category, in the prestigious Real Estate Tech Awards (RETAs). Earlier this year, SwiftConnect was a core part of deploying NFC mobile credentials at Silverstein Properties’ 7 World Trade Center in New York City.
In addition, JLL Spark Global Ventures is strategically partnering with SwiftConnect to deploy SwiftConnect’s software across select asset owners and enterprise tenants from JLL’s global client base, which includes 600 customers in more than 130 countries. Over six billion square feet is managed in deployed systems within JLL’s real estate portfolio.
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The connected workspace, simplified
According to JLL research, at least 30 percent of the office market will be consumed as flexible space in the next 10 years. To take advantage of this market growth opportunity, SwiftConnect’s cloud-based platform simplifies and streamlines the management of building access. The software removes the logistical headache of harmonizing across multiple, disconnected providers since it seamlessly integrates with dozens of existing building and suite-level access control systems. SwiftConnect goes a step further to consolidate these existing, siloed systems into a unified cloud-enabled network and dashboard for building owners and enterprises to efficiently manage user records, access permissions and credentials. This means employees anywhere in the world can instantly use their smartphone, wearable or keycard to access any location, and building owners never have to “rip and replace” existing systems.
SwiftConnect’s software platform enables seamless flexible access by automating the provisioning and lifecycle management of access credentials across different buildings and office spaces. Regardless of location, SwiftConnect links the right people to the right office space at the right time, enabling anyone to work from anywhere in the world. For more information, visit Swiftconnect.io