[Digital Today reporter Chi-gyu Hwang] AI-based e-commerce startup Swap has raised $100 million in new funding in six months, TechCrunch reported on Tuesday.
Icaniq, which led a $40 million Series B round last year, also participated in the latest round.
Swap is an e-commerce platform based in London and New York. It provides luxury fashion brands with AI-based web store creation, cross-border transactions, inventory management and returns services.
Swap competes directly with Shopify and is targeting luxury brands seeking global expansion.
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Chi-gyu Hwang
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