What is Swiim?
Swiim is an Ag-tech company recognized for its patented water management technology, developed in collaboration with the USDA and several western land-grant universities. The company's proprietary system assists growers in meticulously accounting for and managing their agricultural water budgets, thereby safeguarding their water allocations. Swiim's technology is currently deployed across the western United States. The company holds a strategic distribution agreement with Western Growers and has been acknowledged by Forbes as a Top 25 Ag-tech company for two consecutive years, highlighting its impact and innovation in the agricultural technology landscape.
How much funding has Swiim raised?
Swiim has raised a total of $10.3M across 5 funding rounds:
Series A
$3M
Private Equity
$1.5M
Debt
$1M
Series B
$4.5M
Debt
$350K
Series A (2015): $3M with participation from goFARM Australia
Private Equity (2015): $1.5M, investors not publicly disclosed
Debt (2016): $1M, investors not publicly disclosed
Series B (2017): $4.5M featuring Costa Asset Management
Debt (2020): $350K backed by PPP
Key Investors in Swiim
Costa Asset Management
Costa Asset Management is a private investment group focused on long-term growth and community development, known for its sustainable investment strategies across diverse portfolios.
goFARM Australia
GO.FARM Australia is an agricultural investor and developer specializing in transforming agricultural assets through technology, productivity enhancements, and sustainable practices.
What's next for Swiim?
The recent major strategic investment signals a new phase of growth and expansion for Swiim. This capital infusion is expected to accelerate the deployment of its water management solutions, potentially expanding its reach into new agricultural regions and further solidifying its market leadership. The company's focus on water conservation and allocation management aligns with increasing global demands for sustainable agricultural practices, positioning Swiim for continued development and influence within the Ag-tech industry.
See full Swiim company page
