The company wants to open a number of new offices worldwide.
BY KILLIAN WOODS REPORTER, FORA
SEPTEMBER 14TH 2017 3 MIN READ
IRISH-FOUNDED COMPANY SWRVE has just announced it closed a series D investment round worth $25 million.
The company, which helps developers gain insights into how users interact with an app, was set up in 2010 by Trinity College Dublin alumni Steven Collins and Hugh Reynolds.
Its service is used by multinationals such as Warner Brothers, Microsoft and EA Sports. Swrve has the core of its development team based in Dublin – although its headquarters are in San Francisco.
The company said the funding will be used to expand its global sales team and the product and engineering teams in Dublin and Los Angeles. The company did not specify how many new jobs would be created.
It also said there are plans to open new offices to add to the existing operations in San Francisco, London, Dublin and Munich.
The latest funding round into the company was led by Summit Bridge Capital and existing investors, and has brought total investment in Swrve over the $75 million mark.
Summit Bridge Capital is a $100 million investment fund that is co-managed by Irish firm Atlantic Bridge and Chinese venture capital outfit WestSummit Capital. The fund targets investments in Irish tech firms that are expanding their presence in China.
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