TSM’s $37 Million Injection
TSM ‘s parent company Swift locked in a major financing round, valued at $37 million in Series A funding, according to Forbes.
Ethan Kurzweil of Bessemer Venture Partners leads a group of investors that also include three-time NBA champion Stephen Curry, NFL Hall of Famer Steve Young and Yahoo cofounder and billionaire Jerry Yang with the investment also covering Swift’s other business segments, including its influencer content network and its analytic web services like FortniteMaster and ProBuilds.
“TSM has always run a very lean operation, so we haven’t set ourselves up to take advantage of the fast growth that this market is experiencing, so that’s what we’re trying to prepare ourselves to do,” Dinh told the publication. “We’ve got a really good group of investors … it’s going to help us accomplish what we want for TSM.”