Briefing

Shopify, Inovia invest in $22M Series A round for Swyft

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The Toronto-based digital logistics startup plans to use the money to expand into the U.S. and across Canada, reduce the price of same-day delivery and hire more people to work in sales and marketing. (BetaKit)

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Talking point: Swyft helps e-commerce businesses facilitate last-mile deliveries, making it a natural fit for Shopify as the two companies both work with small merchants that are taking on Amazon. Shopify doesn’t directly invest in other companies very often, although it did acquire fulfilment platform 6 River Systems for US$450 million in 2019. Inovia and U.S.-based Forerunner Ventures led the round, with existing investors Golden Ventures and Trucks VC participating, as well.