Swiftly Valued at More Than $1 Billion in Latest Funding Round

Swiftly Systems Inc. raised $100 million in its latest funding round, boosting the valuation of the grocery-tech company to more than $1 billion, according to people familiar with the matter.

The capital infusion, from BRV Capital Management and others, is the second funding round this year for Swiftly and values it at $1.1 billion to $1.2 billion, one of the people said. In March, Swiftly said it raised $100 million in a Series B funding round led by Wormhole Capital.