Toss Lab, Inc. provider of the enterprise collaboration tool JANDI, announced $13 million in a Series B round, bringing its total fundraising to over $20 million. The round was led by repeat investor SoftBank Ventures Asia, the venture arm of SoftBank Group.
JANDI is an enterprise team collaboration platform with a suite of productivity tools that include topic-based group chat, file-sharing, task management, video conferencing, and integrations with 3rd party apps. JANDI recently added integration with Zoom, enhanced security controls and an admin dashboard.
JANDI, dubbed the ‘Slack of Asia’ by TechCrunch, has had steady growth since 2014. With over 200,000 customers ranging from small to mid-sized businesses, to large enterprises like LG with thousands of employees. Toss Lab says revenue has grown more than 100% in the last three years.
“The COVID-19 outbreak has prompted companies to look for arrangements to accommodate remote working with minimal impact on employee productivity, leading to an increased demand for collaboration tools” says JP Lee, CEO and Managing Partner of SoftBank Ventures Asia.
JANDI has seen an 80% increase in the number of users acquired during the COVID-19 pandemic. In a time when digital transformation is crucial for companies to sustain operations, real-time communication and workplace collaboration solutions have become essential for ensuring business continuity.
CEO Matthew Kim says “With this round of funding, we plan to accelerate our sales and marketing efforts and recruit new talent for the global teams. This is one step closer to establishing JANDI as the leader in enterprise collaboration tools.”