This is the Swit pitch deck to raise a $6m seed round in 2019.
About
“Swit is the only service for all teams,” Lee said.
Like Slack and other collaboration software providers, Swit offers both a free and a subscription version of its app. The paid version costs $10 a month when billed annually and includes extra storage and support for an unlimited number of projects and tasks. The company is planning on launching a more expensive enterprise version with additional features this fall.
Despite being late to the party, Swit has seen rapid uptake of its software. Already, just four months after Swit launched — and with minimal marketing — its service has attracted some 450 teams and 4o,000 registered users, Lee said.
It now has the chance to lure many more users. Last week, the company, which has 32 employees, announced that it has raised $6 million in seed funding in a round led by Korea Investment Partners. Before getting the new investment, Swit focused on developing its software. It plans to use the new funds to hire sales and marketing employees to promote its product and to work on partnerships and integrations with other companies and applications, he said.
“We wanted to release a solid product at the first stage,” Lee said. With the new funding, he continued, “we will accelerate our growth.”
Funding rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Oct 27, 2020 | Seed Round – Swit | 1 | $5M | SV Investment Corp |
| Jul 11, 2019 | Seed Round – Swit | 3 | $6M | Korea Investment Partners |
| Nov 5, 2018 | Seed Round – Swit | 1 | $1.3M | — |
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Deck Collection
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