What is Swimply?
Founded in 2018 and headquartered in New York, New York, Swimply operates as an online swimming pool sharing platform. The company facilitates hourly rentals of private swimming pools across the United States, Canada, and Australia, offering a unique solution for individuals seeking accessible aquatic leisure. Swimply effectively bridges the gap between underutilized private assets and consumer demand for recreational spaces, positioning itself as a leader in the sharing economy for the hospitality and leisure sectors.
How much funding has Swimply raised?
Swimply has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Trust Ventures and Norwest Venture Partners
Key Investors in Swimply
Trust Ventures
Trust Ventures is a venture capital fund dedicated to guiding startups that tackle society's greatest challenges, focusing on industries hindered by public policy barriers. They provide strategic advisory services, aligning their success with that of their portfolio companies.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961. The company is headquartered in Palo Alto, California with offices in India and Israel.
What's next for Swimply?
The recent major strategic investment signals a pivotal phase for Swimply, likely enabling accelerated expansion of its service offerings and geographic reach. This capital infusion is expected to fuel further development of its technology infrastructure, enhance user acquisition strategies, and potentially explore new verticals within the broader peer-to-peer rental market. The company's focus on leveraging underutilized assets for recreational purposes aligns with current consumer trends, suggesting a strong potential for sustained growth and market penetration.
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