Swit Raises $5M in Funding for Remote Work Solution
Swit Technologies Inc, a San Francisco-based remote work tech solution company, announced today it has raised $5 million in additional funding from SV Investment, the first investor of BigHit Entertainment, the maker of BTS. This adds to the $7 million the company acquired for its seed round.
Founder and CEO of Swit, Josh Lee, commented, “It is said, technology is most powerful when everyone can use it. But agile tech methodology for software engineers is not agile for other functional roles like sales reps or digital marketers. That’s why Swit provides a one-for-all to coordinate cross-functional collaboration with its intuitive, easy-to-use design and all-in-one functionality for chat and tasks, the two must-have functions for an entire company. As the coronavirus pandemic has dramatically changed the way we work, organizations may be able to separate teams but not tools. People are looking for a unified hub for Chat & Tasks to unite their distributed teams and bring them a sense of remote belonging. It’s more than a matter of productivity. Within one and a half years since its launch in March 2019, Swit already has over 20,000 companies using the service successfully helping them get 2.3 million things done in 161 countries.”
The company intends to use the funds to continue to expand operations and its business reach.
Announcement: Swit Raises $5M in Funding