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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
Toss Lab is a technology company.
Toss Lab is a software-as-a-service company specializing in enterprise collaboration and communication tools. Its primary offering, JANDI, provides a comprehensive platform designed for efficient workplace interactions, integrating messaging, file sharing, and project management functionalities. The company delivers robust solutions tailored to enhance productivity and streamline workflows for businesses operating in various markets.
The company was co-founded by Jinho Yang, with Matthew Kim serving as a key leader, driven by the insight to develop a localized, effective alternative to global collaboration platforms for Asian enterprises. This vision underscored the creation of JANDI, focusing on regional communication nuances and enterprise requirements. The founding team recognized the growing demand for dedicated business communication tools that cater to the unique needs of organizations in the region.
Toss Lab serves enterprise customers seeking modern communication and collaboration infrastructure, particularly across South Korea, Japan, and Taiwan. The company's overarching vision is to establish itself as a leading enterprise SaaS provider in Asia, continually innovating to provide solutions that empower businesses to work more effectively and connect seamlessly. It remains focused on evolving its platform to meet the dynamic demands of the corporate landscape.
Toss Lab has raised $18.7M across 4 funding rounds.
Toss Lab has raised $18.7M in total across 4 funding rounds.
# High-Level Overview
Toss Lab is an enterprise software company building JANDI, an Asia-focused collaboration platform designed as an alternative to Slack for workplace teams.[1][2] Founded in 2014, the company operates as an international enterprise SaaS provider with offices across South Korea, Japan, Taiwan, Malaysia, and the United Arab Emirates.[1] JANDI combines consumer-grade usability with enterprise-level features, positioning itself to solve the problem of fragmented workplace communication by providing an integrated messaging and collaboration suite tailored for Asian markets where Slack's dominance is less established.[1][2]
The company has demonstrated meaningful growth momentum, raising $19.2 million across four funding rounds, including a $13 million Series B led by SoftBank Ventures Asia.[3] With approximately 51 employees and $6.7 million in annual revenue, Toss Lab is scaling to become what it describes as "Asia's No.1 enterprise SaaS company."[1][2]
# Origin Story
Toss Lab was founded in 2014 by a team of technologists based in Seoul with a mission to make working life simpler, more productive, and more enjoyable.[1][5] The company emerged during a period when enterprise collaboration tools were rapidly evolving globally, but Asian markets remained underserved by localized solutions. Rather than competing directly with established Western players in mature markets, Toss Lab identified an opportunity to build a collaboration platform specifically designed for Asian workplace cultures and business practices.
The company's early backing from prominent investors including SoftBank Ventures and Cherubic Ventures validated the vision and provided resources to expand regionally.[1] This investor support enabled Toss Lab to establish its multi-country presence and develop JANDI into a competitive enterprise offering.
# Core Differentiators
# Role in the Broader Tech Landscape
Toss Lab operates within the broader trend of workplace software consolidation and regional SaaS expansion. As remote and hybrid work became standard globally, demand for collaboration platforms accelerated, but this created an opportunity for regional players to capture markets where global incumbents had limited localization or cultural fit.
The timing is particularly favorable for Toss Lab: Asian economies are experiencing rapid digital transformation, with enterprises increasingly adopting cloud-based tools. SoftBank's investment signals confidence in the Asia-Pacific SaaS market and positions Toss Lab as a key player in challenging Slack's regional dominance. By focusing on Asia rather than competing head-to-head with Slack globally, Toss Lab influences the broader ecosystem by demonstrating that localized, region-specific collaboration platforms can achieve scale and investor confidence—a model that may inspire similar ventures in other underserved markets.
# Quick Take & Future Outlook
Toss Lab's trajectory suggests a company positioned to capture significant share in Asian enterprise collaboration markets over the next 3-5 years. The combination of strong investor backing, regional focus, and integrated product offering creates a defensible position as Asian enterprises increasingly prioritize local vendors and culturally adapted solutions.
The key question ahead is whether Toss Lab can maintain its growth momentum while competing against Slack's inevitable regional expansion and other emerging competitors. Success will likely depend on deepening integration with Asian business workflows, expanding its product roadmap to address vertical-specific needs, and leveraging SoftBank's network to accelerate enterprise adoption. If executed well, Toss Lab could establish itself as the dominant collaboration platform for Asia—a market large enough to support a multi-billion-dollar company independent of Western markets.
Toss Lab has raised $18.7M across 4 funding rounds. Most recently, it raised $1.2M Other Equity in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 24, 2022 | $1.2M Venture Round | Kdan Mobile Software | — | Announced |
| Sep 1, 2020 | $13M Series B | JP (joonpyo) LEE | Atinum Investment, Must Asset Management, Shinhan Capital, SparkLabs, SV Investment | Announced |
| Feb 11, 2016 | $2.5M Venture Round | — | — | Announced |
| Nov 1, 2014 | $2M Seed | — | Bass Investment | Announced |
Toss Lab has raised $18.7M in total across 4 funding rounds.
Toss Lab's investors include Kdan Mobile Software, JP (Joonpyo) Lee, Atinum Investment, Must Asset Management, Shinhan Capital, SparkLabs, SV Investment, BASS Investment.