Toss Lab raises $13 million Series B for its collaboration platform JANDI, the ‘Slack of Asia’

Toss Lab raises $13 million Series B for its collaboration platform JANDI, the ‘Slack of Asia’

4 years ago
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https://techcrunch.com/2020/09/01/toss-lab-raises-13-million-series-b-for-its-collaboration-platform-jandi-the-slack-of-asia/

As Slack ramps up its investment in Asia, Toss Lab, the South Korea-based creator of enterprise collaboration platform JANDI, is preparing to become a more formidable rival. The startup 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.

Founded in 2014, Toss Lab said the round means it is the first Korean company in the collaboration space to raise over $20 million to date. The company says JANDI is the top collaboration platform in Japan and Taiwan. It serves companies ranging from small to mid-sized businesses to large enterprises with thousands of employees. Its clients include LG CNS (the Korean conglomerate’s IT services subsidiary), Korean tire manufacturer Nexen Tire and Lexus. Toss Labs says its revenue has grown more than 100% over the past three years.