To compete with Autone, Syrup and Global-E, Swap raises US$100 million

The London-based shipping and inventory management platform Swap, founded in 2022, raised US$100 million in a Series C round on January 7, 2026. Led by DST Global and ICONIQ, the funding follows a US$40 million Series B round completed just 9 months ago. Competing with Syrup, Autone and Global-E, and historically focused on e-commerce returns, Swap also enables the creation of e-commerce sites (similar to Shopify). It also manages cross-border operations, such as international shipping, order t