Swipely closes $20M Series C financing round

Swipely, a payment- and customer-analytics platform for local merchants, announced Thursday that it has has completed a $20 million Series C round of financing led by the Chicago-based Pritzker Group. More

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Swipely closes $20M Series C financing round

COURTESY SWIPELY
PROVIDENCE-BASED PAYMENTS AND analytics company Swipely announced Thursday that it has raised $20 million in its latest funding round, after its annual sales under management topped $2 billion earlier this month.
Posted 5/29/14

(Updated: 4:11 p.m.)

PROVIDENCE – Swipely, a payment- and customer-analytics platform for local merchants, announced Thursday that it has has completed a $20 million Series C round of financing led by the Chicago-based Pritzker Group.

To date, Swipely has raised $40.5 million in capital, including a $12 million Series B round last year led by Shasta Ventures, which also participated as a returning investor in the latest funding round along with previous investors, First Round Capital and Index Ventures.

The news of Swipely’s $20 million Series C round follows Swipely’s announcement earlier this month that the company now manages more than $2 billion in annual sales through its platform, after doubling its sales under management in the last six months.

Late last year, Swipely moved from its former offices on Fox Point to a larger space in downtown Providence to accommodate its growing employee workforce. The company now employs about 103 people at its Dorrance Street headquarters and has continued to hire aggressively.

Swipely CEO Angus Davis, through a company spokeswoman, said the company plans to add 135 jobs by the end of 2014 and 200 by the end of 2015.

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