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)
Skip to content
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)
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.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
