As Slack increases its investment in Asia, Toss Laboratory, the South Korea-based creator of enterprise collaboration platform JANDI, is preparing to end up being a more powerful rival. The startup revealed today that it has actually raised a$13 million Series B led by SoftBank Ventures Asia, the early-stage endeavor arm of SoftBank Group. Getting involved investors likewise consisted of SV Financial investment, Atinum Investment, Must Property Management, Shinhan Capital, SparkLabs and T Financial Investment. Established in 2014, Toss Lab stated the round suggests it is the very first Korean company in the collaboration area to raise over$20 million
to date. The company says JANDI is the leading partnership platform in Japan and Taiwan. It serves companies varying from little to mid-sized companies to big business with thousands of employees . Its clients consist of LG CNS (the Korean corporation’s IT services subsidiary ), Korean tire manufacturer Nexen Tire and Lexus. Toss Labs says its revenue has actually grown more than 100%over the previous 3 years. Matthew Kim, president of Toss Laboratory, informed TechCrunch that the Series B will be used for worldwide growth and to increase the company’s headcount by 20 %to 25%. JANDI has actually seen a 80%increase in the variety of users gotten throughout the COVID-19 pandemic throughout its Asian markets. To serve remote workers, JANDI included combination with Zoom, boosted its security and established an innovative admin dashboard. The platform currently supports English, Chinese, Japanese, Korean and Vietnamese, and plans to grow its operations in Japan, Taiwan
, Malaysia, Vietnam and the Middle East. Last October, Slack said it was preparing to increase its investment in Asia, including brand-new data regions in Japan and Australia. Kim stated JANDI’s greatest rival isn’t Slack. Instead, it is competing versus popular messaging apps, like Line, Kakao, WhatsApp, Zalo and Facebook Messenger, which Kim
said most of workers in Asia still count on for office communication. While Slack is used by some start-ups and tech business in Asia, Chatwork and Base.vn are the top cooperation
integrating with the tradition systems that are special in each region and we have the regional onboarding support team for enterprise, “stated Kim. He included that Japan and Taiwan have the most development capacity in the near-term, followed by the United Arab Emirates, Malaysia and Indonesia. Like other collaboration platforms, JANDI provides messaging and group talks. However it also features cooperation tools that the company states is geared toward work culture in its Asian markets. These consist of organization charts to
assist people find colleagues by department; a “board view “for company announcements and reports; video calls that can support approximately 300 individuals at a time; read receipts; and a safe file manager for storing personal team documents. As part of the financing, Toss Labs likewise included 4 brand-new board directors: Ticket Beast founder Daniel Shin and previous Kakao chief technique officer Joon-yeol Kang, the founders of Bass Financial investment; SoftBank Ventures Asia CEO JP Lee; and SBI Financial Investment Korea CEO Joon-hyo Lee. Sendbird CEO John S. Kim and Bespin Global founder HanJoo Lee are joining as consultants to Toss Labs. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.