| Mobile Web

Shopify rival Swap raises an additional $100 million in six months

AI-based e-commerce startup Swap raised $100 million in a new funding round within six months, TechCrunch reported on Tuesday. Icaniq, which led Swap’s $40 million Series B round last year, also joined the latest round. Swap is an e-commerce platform based in London and New York that provides luxury fashion brands with AI-based web store creation, cross-border transactions, inventory management and returns services. It competes directly with Shopify.