Salt Lake City, UT – Swell, a subscription platform to help businesses increase social engagement/reviews, boost overall online presence, and streamline communications with their customers, announced it has closed a Series A financing round led by SkyLab Ventures; existing investors also participated in the round. This investment will help Swell refine its go-to-market motion, explore new verticals, execute on its product roadmap, and continue to capture market share from its competitors.
“We are very bullish on the ongoing market demand for smooth customer experience; Swell tackles several of the core experience challenges that businesses face,” said Benson Metcalf, General Partner at SkyLab Ventures. “Swell is the kind of high-growth SaaS business that customers, employees, and investors all strive to support. We’re thrilled they chose SkyLab Ventures, Cultivation Partners, and Teamworthy to help them scale.”
Founded by Drew Sparks and Zeke Kuch, Swell provides an automated growth platform to help small businesses get discovered in local searches, learn from customer feedback, and enhance their reputation through true customer sentiment. Businesses using Swell’s all-in-one platform see tremendous value in its ability to help acquire new customers, retain existing new customers, and increase overall engagement and transparency in the community. Swell serves multiple industries including healthcare, retail, service, hospitality, and tourism.
“Swell is lucky to have such great backers,” said Drew Sparks, Swell CEO. “SkyLab, Cultivation and Teamworthy are perfectly positioned to help us accelerate growth. We anticipate many more delighted customers and users of Swell; we’re excited for this new chapter!”
In the coming months, Swell plans to scale their marketing and sales efforts as well as hire key employees needed to fuel their rapid growth. The Company also has an exciting roadmap full of additional features and functionalities to help improve its customers’ experience and results from using the platform.
For more information on Swell visit www.swellcx.com.
About SkyLab Ventures
SkyLab Ventures is a breakthrough $30M investment fund and advisory group built to help founding teams grow towards an exit. The SkyLab team has experienced IPOs, strategic acquisitions, and PE buyouts, as well as multiple rounds of funding. As operators and founders, SkyLab has assembled an amazing team of marketers and growth practitioners that support our portfolio. SkyLab invests in early-stage companies in the direct-to-consumer/eCommerce space as well as the B2B SaaS industry.