Swash raises $4MM in oversubscribed funding round

Edit: Oct 11 2021, 75K+ Swash users.

Swash

Sep 29, 2021 — 3 min read

Edit: Oct 11 2021, 75K+ Swash users.

Swash has successfully attracted $7MM as part of an ongoing fundraising round.

In an oversubscribed round, Swash has attracted $7MM from leading venture capital firms and companies — Outlier Ventures, KuCoin, and Streamr — with the participation of over 30 firms and business angels worldwide.

From the launch of the Swash browser to the ambitious plans of becoming the ubiquitous solution in the new data economy, Swash has developed into a movement of like-minded people coming together to take back control of their data while leaping towards a more equitable future.

From inception to mainstream appeal in record time

Swash has over 75K members in its Data Union and more than 100M registered data points, with overwhelming support from individuals and organisations to shape the next phase of decentralised data solutions.

Swash is proud to add a plethora of experienced entrepreneurs, angel investors, and venture capitalists to its network, all eager to advance Swash’s mission and to get closer to realising mass adoption.

The $7MM funding round will help expand the team and bring to reality the Swash First Wave Solutions, set to change the creation, access, collaboration, and incentives within a new data landscape, including:

Data Union: Compensating individuals with crypto native rewards for the value of their data.
sIntelligence: A web 3 dashboard with cross-sectional metrics and insights based on high-quality data for organisations of all sizes.
sApps: The Swash ecosystem of apps, with collaboration at key, benefiting organisations with reliable market research efforts while compensating individuals.
sCompute: Bolstering data scientists’ power to compute large amounts of private, high-quality, and zero-party data with a web 3 solution.

Working globally to solve global problems

Swash’s international team is excited to bring this roadmap to reality while expanding efforts to decentralise its operations with more people and partners from different cultures.

Swash’s recent builds on a network of supporters and advisors from 18 countries, with a deep experience building startups and unveiling innovative technology to mainstream audiences.

An ecosystem of key thinkers supporting this journey

The founders of Ocean Protocol (Bruce Pon) and Streamr (Henri Pihkala) have been instrumental in Swash’s path, alongside other leading projects worldwide, including Chainlink, Outlier Ventures, Boson Protocol, DPPA, 1World Online, Tapmydata, Amasa, WEDF, Crunch Digital Media, and 3Box. Swash has also been featured in prestigious research by Mozilla Foundation, Aapti Institute, and the Open Data Institute (ODI).

Bruce Pon predicts that the “ability for people to monetise their data is going to be a fundamental pillar of an emerging data economy that allows for the agency of anybody on earth” while reinforcing the aligned visions between Swash and Ocean Protocol.

Jamie Burke, the Founder and CEO of Outlier Ventures, believes that Swash is “a key component of how we mainstream a new data economy,” with the potential to generate rewards for people in a sort of “Universal Basic Income.”

Beyond committed partners, the Swash team is eager to put the plans surrounding this fundraising into action. According to Swash’s, Chloe Diamond, the team are “focused on turning the status quo on its head by creating a way for people, businesses, and developers to receive fair value for their contributions.”

On the way to dismantle data monopolies

The new funding round will help to catapult Swash’s growth and bring it closer to a mainstream audience, in dire need of new heroes in a data landscape burdened by monopolies.

Swash moves in a distinct form, recently having completed a Data Protection Impact Assessment (DPIA) as part of the UK GDPR, intending to attain the highest level of data privacy.

Join Swash in its mission for a new decentralised data economy with people at the centre. Stay tuned for updates relating to the project and IDO coming soon!

About Swash:

Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.

People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.

Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data. Stay tuned for the latest updates on the IDO.

Originally published at https://swashapp.io on September 29, 2021.