SwipeGuide, a Netherlands-based SaaS (Software-as-a-Service) company, raised €1M of growth capital from Benelux software fund Newion. The company raised its first outside funding in early 2017 when it raised a €300,000 seed investment to increase the speed of development. The startup’s founders are Daan Assen and CEO Willemijn Schneyder, who’s one of Silicon Canals’ six badass Female Founders to Watch.
Unlike startups these days that burn a lot of cash to become profitable, the company was cash-flow positive since its launch. It boasts having enterprise customers such as Philips, Ziggo, Quby, ARAG, Eijsink, and Duux. The company plans to use the funding proceeds for software development and international growth, especially setting up an office in New York to cater the North American market.