Swyft

Swyft

Swyft sells great products from leading brands in strategic high profile locations, serving customers.

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Late VC
Total Funding000k
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Swyft Inc., founded in 2013 by Gower Smith, operates in the automated retail sector, providing a sophisticated alternative to traditional vending. The company's business model centers on creating and managing networks of what it terms 'Automated Marketing Stores'—essentially advanced, robotic vending kiosks. These are deployed in high-traffic locations such as airports, malls, and hotels to extend a brand's physical reach. Swyft's revenue is generated by enabling brands to sell their products directly to consumers through these automated stores. This approach targets brands looking for new, incremental revenue channels and a way to increase direct consumer engagement and brand visibility.

The core of Swyft's offering is its proprietary end-to-end platform, encompassing robotic hardware, a software suite for managing the stores, and data analytics capabilities. This allows client brands to control their presence, from the physical design and user interface of the kiosk to inventory management and sales tracking. The company provides a full-service package that includes the development of the store, software configuration, and ongoing operational management. For consumers, the benefit lies in the convenience of purchasing products from notable brands in locations where traditional retail might be absent. For the client brands, the platform serves as a tool to bridge the gap between marketing awareness and direct sales conversion, capturing consumer data and lifetime value in the process.

Gower Smith, the founder and CEO, has a significant background in the automated retail industry. Prior to Swyft, he founded and led ZoomSystems, a company that also specialized in automated retail kiosks, partnering with well-known brands like Best Buy and Apple. This previous experience directly informs Swyft's strategy, focusing on providing a scalable, data-driven retail solution for brands. Swyft itself is a continuation and evolution of this concept, leveraging advancements in robotics and software to offer a more integrated service.

Keywords: automated retail, robotic vending, retail technology, direct-to-consumer, brand engagement, airport retail, unattended retail, kiosk technology, physical retail, consumer data

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Investments by Swyft

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ZoomSystems
ACQUISITION by Swyft Nov 2017