French startup Swile gets unicorn status with $200 mln Softbank-led fundraising – Reuters

Oct 11 (Reuters) – Swile has raised additional an $200 million in a capital increase backed by Japan's Softbank (9434.T), aiming at expanding its business internationally and beyond corporate benefits services, the French startup said on Monday.
Through this capital increase, Swile, which provides electronic meal vouchers and other employee benefits to companies such as Carrefour (CARR.PA), Spotify (SPOT.N) and Airbnb (ABNB.O), joined the country's growing ranks of tech unicorns or startups valued at $1 billion or more.
The company, which counts Eurazeo (EURA.PA), Index Ventures, and bpifrance among its investors, said it had gained a 13% share in the corporate benefits market since its launch four years ago in southern French region of Occitania.
It had already raised 115 million euros in total in previous three funding rounds, it said, while this one will see Michel Combes, chairman of Softbank International Group and former chairman of mobile companies Alcatel-Lucent and SFR-Numericable, joining the board.
Swile, which ranked second on LinkedIn France's list of most attractive startups work- and investment-wise in 2021, also plans to double its workforce by hiring 500 employees by the end of 2022 and aims to release its team building and communications app soon.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Facebook Inc's Instagram said on Monday it is testing a feature to notify users of outages or technical issues directly on the photo-sharing app, days after two outages disrupted the social media giant's services.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved

source