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Pritzker Group backs merchant payments startup Swipely

29 May 2014

swipelyPritzker Group’s venture capital arm has led a $20m Series C for merchant payments business Swipely.

This is nearly double the size of the company’s $12m Series B, which was raised a year ago, and brings its fundraising total to $40.5m.

Swipely’s platform is currently used by more than 10m customers and the company’s sales exceed $2bn.

The company’s technology allows restaurants and retailers to manage customer relationships, measure staff performance, optimize menu selections and monitor online reviews.

Pritzker Group Venture Capital managing partner Chris Girgenti said, “Swipely is a disruptive company with the vision and momentum to help small business use big data to compete in the networked age.

“Angus and his veteran team have built a unique SaaS company that is succeeding in bringing online technology to offline merchants.”

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