Switchboard, the cloud coworking space, announced a $25M in Series A funding led by Icon Ventures, with participation from existing investors Sequoia Capital, XYZ Venture Capital, and Spark Capital. The Series A brings Switchboard’s total funding to date to just over $38M.
Switchboard launched publicly into beta in May, and has seen an overwhelmingly positive response from users experiencing a new and more effective way to collaborate. With the additional funding, Switchboard plans to continue to develop new product features and expand the team with a focus on hiring more engineering, product, and marketing professionals.
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“Our beta launch was so successful because we struck a nerve with the promise of better collaboration. People are using Switchboard from all over the world, across different types of organizations, from startups, agencies, higher education and beyond.” said Amir Ashkenazi, CEO and founder of Switchboard. “They recognize current communications tools we have simply aren’t working for what we need in remote and hybrid work environments. Switchboard is revolutionizing consumer expectations in remote work.”
Unlike video conferencing, Switchboard is able to emulate the in-person experience to make remote collaboration just as good as in real life.
“We pride ourselves on partnering with innovative companies that have the potential to be category leaders,” said Jeb Miller, General Partner at Icon Ventures, who will be joining the Company’s Board of Directors. “Switchboard is transforming how teams collaborate. Whether remote, in person or hybrid, Switchboard’s platform alleviates the struggle of maintaining human connectivity and fosters better teamwork in a distributed workplace. Looking at the market, I see the potential for companies of all shapes and sizes to benefit from Switchboard’s superior tools. The future of work is here, and we’re so thrilled to be a part of bringing people together for better collaboration on a global level.”
Switchboard’s original seed round included participation from The General Partnership, Dylan Field (CEO & Co-founder, Figma), Joe Thomas (CEO, Loom), John Lilly (former CEO, Mozilla), Akshay Kothari (COO, Notion) and others.
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