The company plans to expand internationally and scale the commercial growth of its cocoa-free chocolate alternative, Choruba®.
It will focus on pre-seed investments in founders from Central and Eastern Europe and their diaspora.
Swarmer finished the day at $31 per share and later climbed to above $40, pushing the company’s market capitalization to well over $400 million.
Investment was led by Expeditions, with participation from Lightspeed Venture Partners, Taiwania Capital, Aymo, and Radius Capital.
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The round was led by Google Ventures (GV), with participation from Evantic, Hedosophia, and existing investors.
The fund focuses on early-stage companies that tackle critical sustainability challenges while also targeting competitive financial returns.