Swiftarc Ventures
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2019 |
| Founder | Sid Jawahar |
| Headquarters | New York City , United States |
Area served | United States |
| Products | Venture capital funds (Swiftarc Venture Labs Fund, Swiftarc Telehealth Fund) |
Swiftarc Ventures is a venture capital firm headquartered in New York City, specializing in early and growth-stage investments, with an additional office located in Miami, Florida.
History
Established in 2019 by Sid Jawahar, Swiftarc targets investment opportunities primarily within the telehealth sector, early-stage consumer technology, and food sustainability industries.
Investments
The firm's investment portfolio features prominent companies such as Intellihealth, R-Zero, and Artiphon. Swiftarc manages two separate funds: the Swiftarc Venture Labs Fund and the Swiftarc Telehealth Fund, the latter of which was initiated with $75 million dedicated to enterprise telemedicine ventures.
Controversy & Fraud
In 2022, Sid Jawahar, the founder, was mandated to halt fraudulent practices related to asset overvaluation under Swiftarc Capital’s management. Following this, the Texas Securities Commissioner revoked the registration of Swiftarc Capital's investment adviser. Nevertheless, Jawahar raised $1 million from an investor soon after the directive. In December 2023, he faced indictment on several charges including wire fraud and investment adviser fraud and was subsequently apprehended in Miami in January 2024. Conviction could result in lengthy imprisonment.