Ones to watch: Collaboration tool, Swit, raises $6 million


The Swit app combines messaging with a roster of productivity tools, like task management, calendars and Gantt charts, to give teams “freedom from integrations.” Swit announced this week that it has raised a $6 million seed round led by Korea Investment Partners, with participation from Hyunadi Venture Investment Corporation and Mirae Asset Venture Investment.

In a digital workplace marketplace dominated by the likes of Slack, Workplace by Facebook and Microsoft Teams – the competition is certainly tough for new and emerging workplace collaboration tools.

Swit’s desktop and mobile apps were released in March and since then more than 450 companies have adopted it, with 40,000 individual registered users.

Founder and CEO of Swit, Josh Lee, commented, “Like so many, we spent significant time on collaboration apps but felt frustrated that we needed to use different apps when dealing with different functions and departments of the company. Every team was using Slack for internal communication but it doesn’t really provide task management, so in addition Marketing was using Asana, IT was using Jira, Sales was using Why wasn’t there one team collaboration app that worked for everyone? With Swit, we wanted to create the new standard for team collaboration apps and make one that could be used across the company – eliminating the need for multiple applications.”