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- Swile
Swile Revenue, Valuation, Funding & Investors
Swile is valued at $1B as of October 2021, a 43.5x multiple on its last reported $23M revenue.
Last Swile valuation
$1B
Series D · Oct 2021
Last Swile funding round
$200M
Series D · Oct 2021
Swile revenue
$23M
Series D · Oct 2021
Key investors in Swile
Index Ventures
Idinvest Partners
Bpifrance
Headline
Daphni
SoftBank Group
About Swile
Swile is a Paris-based super app consolidating employee benefits including meal vouchers, mobility passes, and gift cards on a single smartcard. Launched in 2018, it adds workplace tools like peer recognition, event planning, P2P transfers, and engagement surveys. Analytics dashboards track satisfaction metrics for HR teams across French enterprises.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$23M (Oct 2021)
Valuation
$1B (Oct 2021)
Swile Valuation
Swile is currently valued at $1B, based on its Series D in October 2021.
The $200M round was led by Hedosophia and SoftBank Group, with participation from Index Ventures, Bpifrance, Eurazeo and Headline.
Swile valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2021 | Series D | $1B | 43.5x |
Swile Revenue
Swile's latest recorded revenue is $23M, as of its Series D in October 2021. At a $1B valuation, that implies a 43.5x revenue multiple.
Swile revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2021 | $23M | $1B | 43.5x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Swile Funding History
Swile has raised a total of $326M across 4 funding rounds.
Swile's first fundraising round was a $13M Series A in May 2018. The most recent completed round was a $200M Series D in October 2021.
Swile funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series D | Hedosophia (lead); SoftBank Group (lead); Index Ventures; Bpifrance; Eurazeo; Headline | $200M | $1B | Swile is a Paris-based fintech startup offering digital solutions for employee benefits through a custom payment card and mobile application. The company's product evolved from providing meal vouchers to a comprehensive benefits platform that includes gift cards, personal debit functionality, and spend management tools. By 2021, Swile had captured approximately 13% market share in France's meal voucher segment, serving major customers including Carrefour, Doctolib, Spotify, and Airbnb. In its Series D funding round announced on October 11, 2021, Swile raised $200 million led by SoftBank International Group, with participation from existing investors Eurazeo, Bpifrance, and Index Ventures, plus new investor Headline. This round granted the company unicorn status with a valuation exceeding $1 billion. SoftBank Group International's President Michel Combes joined Swile's board as part of the transaction. The company had previously raised $17.4 million in Series A (2018), $34.7 million in Series B (2019), and $81 million in Series C (2020), bringing total funding to $326 million through four rounds. Swile planned to deploy the Series D proceeds toward technological advancement, further international expansion, and new product development across its two main offerings: the Swile Card (payment solution) and Swile App (employee super-app). The company had already expanded internationally, acquiring Vee Beneficios in early 2021 to enter the Brazilian market, where it employed approximately 120 people in São Paulo. Brazil represented a significant opportunity given its status as the world's largest market for employee benefits with nearly 50 million eligible employees and near-complete digitization rates. The company's growth strategy included doubling its workforce to approximately 500 employees by end of 2022 while expanding into additional markets such as Mexico. Beyond its core transactional benefits business, Swile was testing a beta version of its mobile app designed to facilitate internal communications, employee surveys, and feedback gathering, positioning the company to generate recurring SaaS-based revenue through monthly subscriptions to enterprise clients. |
| Jun 2020 | Series C | Index Ventures (lead); Idinvest Partners; Bpifrance; Headline | $79M | - | Swile is a Paris-based fintech startup founded in 2018 by Loïc Soubeyrand that provides digital solutions for employee rewards and benefits through a custom card and app. The company initially launched as Lunchr and offers digital meal voucher alternatives, group ordering, couponing, and payment services to improve the corporate lunchtime experience. In June 2020, Swile closed its Series C funding round of €70 million (approximately $78 million USD) led by Index Ventures, with participation from new investor Large Venture (a Bpifrance VC fund) and existing investor Idinvest Partners. The Series C brought total funding raised to €115 million since the company's 2018 launch. The capital was allocated to extend beyond meal vouchers into new product areas including corporate gift distribution and features to improve employee engagement and life at work. Swile demonstrated strong early traction, with 210,000 users in France across 8,000 companies by June 2020. The company continued its rapid growth trajectory, eventually raising a $200 million Series D in October 2021 that valued it at $1 billion, making it one of France's fastest companies to reach unicorn status. By 2023, Swile had achieved €180.2 million in annual revenue, demonstrating the market validation of its employee benefits platform across multiple European markets. |
| Feb 2019 | Series B | Index Ventures (lead); Idinvest Partners; Daphni; Kima Ventures | $34M | - | - |
| May 2018 | Series A | Idinvest Partners (lead); Daphni | $13M | - | - |
Who has invested in Swile?
9 investors have backed Swile across its funding rounds, including Index Ventures, Idinvest Partners, Bpifrance, Headline, Daphni and SoftBank Group.
Lead investors include Hedosophia, SoftBank Group, Index Ventures and Idinvest Partners.
Swile Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2019 | ||
| 3 | Lead | May 2018 | ||
| 2 | Participant | Jun 2020 | ||
| 2 | Participant | May 2018 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 9 Swile investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Swile
Swile has acquired 2 companies to date.
Last acquisition by Swile was on May 17th 2022. Swile acquired Okarito for $6M.
Latest Acquisitions by Swile
| Description | Okarito is a Paris-headquartered online platform that manages corporate business travel through booking tools, real-time monitoring, and expense optimization features. Travelers access personalized support during trips and book directly on the platform. Finance teams deploy dynamic budgets that adjust to live market prices, balancing cost control with employee flexibility. Savings from under-budget trips allocate portions to traveler-selected NGOs. The service targets European companies seeking efficient travel spend management. | Vee Beneficios is a Brazilian digital platform offering employee benefits including health insurance, meal vouchers, mobility passes, and wellness programs. It streamlines HR administration through self-service portals for personalized plan selection. Vee Beneficios partners with insurers and retailers to cover companies in São Paulo and Rio de Janeiro. |
| HQ Country | ||
| HQ City | Paris | São Paulo |
| Deal Date | 17 May 2022 | 15 Feb 2021 |
| Valuation | $6M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Swile acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Swile
Swile has invested in 1 company to date.
Latest investment by Swile was on April 22nd 2022. Swile invested in Helios.do in their $10M Seed round.
Latest Investments by Swile
| Description | Helios.do is a Faroe Islands-headquartered digital bank focused on sustainable finance launched to combat climate change. The platform offers transparent personal banking services including accounts, cards, and loans with 100% carbon-neutral operations accessible at helios.do. |
| HQ Country | |
| HQ City | Paris |
| Deal Date | 22 Apr 2022 |
| Round | Seed |
| Raised | $10M |
| Investors | Serena; Raise Ventures; Blissim; Hugues le Bret; Racine; Verve Ventures; Meero; Motier Ventures |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Swile investments and their VC round multiples. Start Free Trial | |
Swile Competitors
Swile competitors include listed companies like Freee and Teamshares, and private ones like Payactiv, CaptivateIQ, Wrapbook and Deskera.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | $44M | - | $1.3B | 28.4x | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x | ||
| Publicly listed | $472M | ($23M) | $545M | 1.4x | ||
| Private | - | - | $495M | - |
Swile Public Comps
Swile is still privately-owned, but its public comps include Worldline, Fawry, Sunyard Technology, Teamshares, AMTD Digital, Freee, Abaxx Technologies, Valu, PensionBee and High Templar Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $166M | $73M | 6.8x | 5.2x | 15.4x | 9.6x | |||
| $307M | $10M | 2.2x | - | 69.2x | - | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $59M | $18M | 19.5x | - | 62.9x | - | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| $108M | $22M | 4.1x | 7.0x | 20.2x | - | |||
This data is available for Pro users. Sign up to see all Swile competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Swile
| When was Swile founded? | Swile was founded in 2018. |
| Where is Swile headquartered? | Swile is headquartered in Paris, France. |
| Is Swile publicly listed? | No, Swile is a private, VC-backed company. |
| What is Swile's valuation? | Swile was last valued at $1B in its Series D in October 2021. |
| How much funding has Swile raised? | Swile has raised $326M across 4 funding rounds. |
| What was Swile's last funding round? | Swile's last funding round was a $200M Series D in October 2021, led by Hedosophia and SoftBank Group. |
| Who are Swile's investors? | Swile's investors include Index Ventures, Idinvest Partners, Bpifrance, Daphni, Headline, SoftBank Group, Hedosophia, Eurazeo and Kima Ventures. |
| What is Swile's revenue? | Swile's latest recorded revenue is $23M (October 2021). |
| What is Swile's revenue multiple? | Swile's latest valuation implies a 43.5x revenue multiple ($1B valuation on $23M of revenue). |
| Which companies are comparable to Swile? | Companies comparable to Swile include Payactiv, CaptivateIQ, Wrapbook, Freee, Teamshares and Deskera. |
| How many companies has Swile acquired? | Swile has acquired 2 companies, including Okarito and Vee Beneficios. |
| What was the largest acquisition by Swile? | The $6M acquisition of Okarito in May 2022 is the largest acquisition Swile has made to date. |
| How many companies has Swile invested in? | Swile has invested in 1 company, including Helios.do. |
| What was Swile's last investment? | In April 2022, Swile invested in Helios.do's $10M seed round alongside Serena, Raise Ventures, Blissim and 5 other investors. |
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