Toss Lab Raises $13M

Toss Lab, the South Korea-based creator of enterprise collaboration platform JANDI, announced today that it has raised a $13 million Series B led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group. Participating investors also included SV Investment, Atinum Investment, Must Asset Management, Shinhan Capital, SparkLabs and T Investment.

“JANDI is inching closer to becoming the most-used collaboration tool in Asia,” said Toss Lab CEO Kim Dae-hyun. “The company will try to advance its services and marketing schemes while hiring talents.”

Matthew Kim, chief executive of Toss Lab, said that the Series B will be used for global expansion and to increase the company’s headcount by 20% to 25%.

JANDI has seen a 80% increase in the number of users acquired during the COVID-19 pandemic across its Asian markets. To serve remote workers, JANDI added integration with Zoom, enhanced its security and developed an advanced admin dashboard.

Read more: Toss Lab Raises $13M