It seems like those strategic opportunities presented themselves. SwiftConnect this month raised $37 million in a Series B round led by Quadri Ventures, with participation from HID, Egis Capital Partners, Klingenstein Fields Advisors, Crow Holdings, JLL Spark, Navitas Capital and Spring Rock Capital.
“To address any potential headwinds, we decided to raise more than enough funding to weather any upcoming economic storms,” Kruger said.
The new cash, which brings the startup’s total capital raised to $74 million, will be put toward growing the company’s 135-person team and expanding to new geographies, Kopel says. SwiftConnect has offices in Montreal and Stamford, currently.