What is Swivel?
Founded in 2019, Swivel operates as a digital leasing platform designed to empower property owners and their teams in the flexible marketing, design, and leasing of tailored office spaces. The platform provides sophisticated, integrated applications aimed at expediting lease signings and reducing associated costs. Swivel currently serves over 70 properties and portfolios across major U.S. markets, including notable clients like Brandywine, Cousins, and JLL, solidifying its position as a trusted solution for superior office experiences.
How much funding has Swivel raised?
Swivel has raised a total of $12.8M across 2 funding rounds:
Angel/Seed
$4.8M
Series A
$8M
Angel/Seed (2018): $4.8M with participation from First Round Capital
Series A (2020): $8M led by Jones Lang LaSalle and Jim Breyer
Key Investors in Swivel
First Round Capital
First Round Capital is a venture capital firm known for investing in early-stage technology companies. They focus on providing strategic guidance and operational support to help startups scale and achieve market leadership.
Jones Lang LaSalle
Jones Lang LaSalle (JLL) is a global real estate services company providing property management, investment, and consulting services. Their involvement suggests a strategic partnership aimed at integrating Swivel's technology into broader real estate operations.
Jim Breyer
Jim Breyer is a prominent venture capitalist, known for his early investments in technology companies. His participation indicates a strong belief in Swivel's innovative approach to the real estate market.
What's next for Swivel?
With the recent major strategic investment, Swivel is poised for significant expansion and product development. The company's focus on digital leasing solutions addresses a growing demand for flexibility and efficiency in the commercial real estate sector. Future initiatives will likely involve enhancing its platform's capabilities, expanding its market reach, and potentially integrating further technological advancements to streamline the leasing process for property owners and tenants alike. This strategic financing signals a strong confidence in Swivel's business model and its potential to reshape the office leasing landscape.
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