Swrve to create 45 new jobs after raising $30m
Swrve has achieved 1bn installs for its mobile app integration SDK

Swrve to create 45 new jobs after raising $30m

11 Nov 2015124 Shares

Dublin mobile app integration start-up Swrve, which was founded by Havok founders Hugh Reynolds and Dr Steve Collins, has raised $30m in financing and will create 45 new jobs after acquiring data automation player Adaptiv.io.

Swrve’s platform enables brands to deliver contextually rich and relevant in-app mobile interactions. It will use the funding to expand globally and invest in product innovation.

The investment follows a $6.25m investment in 2012 that saw the company announce 100 new jobs at the time.

Swrve achieves 1bn installs

Steve-Collins-Swrve

It also follows 1bn installs of Swrve’s mobile engagement platform SDK.

Leading the latest investment round is Evolution Media Partners (EMP), a partnership of the Creative Arts Agency backed Evolution Media Capital, TPG Growth and Participant Media, and the Ireland Strategic Investment Fund (ISIF).  Others participating in the oversubscribed round included existing investors Acero Capital and Atlantic Bridge.

The company has achieved 400pc growth in its most recent quarter as the product attracts demand in fintech, media, publishing and entertainment.

Swrve intends to commence a rapid hiring programme in Dublin, San Francisco, New York, London and continental Europe.

“This is a key moment in the evolution of Swrve,” said the company’s co-founder and CTO Dr Steve Collins.

“This funding round, with its strong mix of US and Irish partners, and acquisition, reflects incredible momentum and growth for the company.

“It also reflects the dynamic ecosystem that has been developed in Ireland for technology companies.

“It’s a good time to be a technology start-up in Ireland and our journey since founding Swrve five years ago certainly reflects that,” Collins said.

John Kennedy
By John Kennedy

Editor John Kennedy is an award-winning technology journalist. He joined Silicon Republic in 2002 to become the fulcrum of the company’s news service He was recipient of the Irish Internet Association’s NetVisionary Technology Journalist Award 2005 and Siliconrepublic.com has been awarded ‘Best Technology Site’ at the Irish Web Awards seven times. In 2011 he received the David Manley Award commending him for his dedication to covering entrepreneurs. His interests include all things technological, music, movies, reading, history, gaming and losing the occasional game of poker.

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