SwiftConnect has successfully secured $37 million in Series B financing, led by Quadri Ventures, to expand its innovative access management solutions amid growing demand in the U.S. access control industry.

Information on the Target

SwiftConnect has successfully closed a $37 million Series B financing round aimed at enhancing its access network, which connects individuals to locations efficiently. This investment was primarily led by Quadri Ventures, with notable contributions from new investors such as HID (a subsidiary of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. Existing investors, including Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital, also participated in this round. Overall, SwiftConnect has secured $74 million in funding thus far.

SwiftConnect is distinguished by its capability to automate, centralize, and digitize access management and credential lifecycle processes. This innovative approach allows users to utilize mobile access passes in NFC wallets along with various credentials, facilitating seamless entry into buildings, offices, and other enterprise resources, regardless of the existing access control and identity management systems.

Industry Overview in the Target’s Specific Country

The access control industry in the United States is currently experiencing significant growth, driven by the increasing demand for enhanced security solutions across both commercial and