Index Ventures leads €70m series-C for Swile

New investor BPI France and existing investor Idinvest also took part in the round.

The company will use the funding to expand internationally – starting with Brazil – and to diversify its product offering.

Swile has plans to go beyond meal vouchers and lunch-break experiences, with a new product that enables corporate gifts to be distributed to employees using the same system, and the addition of features to improve life at work and employee engagement.

The company, previously branded as Lunchr, has so far raised €115m since its launch in 2018 and has grown from 15 to 200 employees. 

Jonathan Userovici, who coordinated the round at Idinvest Partners, said that Swile had the potential to eventually reach an IPO and achieve a billion-dollar valuation. 

Previous funding
Swile raised €30m in a series-B round from Kima Ventures, Idinvest, Daphni and Index Ventures in February 2019. Prior to that, it raised €11m in a series-A round led by Idinvest and Daphni.

Company
Founded in 2018 and based in Paris, Swile is a provider of meal vouchers. It has created a corporate lunch card that brings together restaurant vouchers, gift vouchers and mobility vouchers in one card, which is accepted at 200,000 establishments across France. The company employs 200 staff.

People
Company - Loïc Soubeyrand (founder, CEO).

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• Topics
• Expansion
• France
• Technology
• Support services
• France
• Venture
• Index Ventures
• IDInvest Partners (AGF Private Equity)
• BPI France