Thursday, July 19, 2018

Swivel Gets $4.75M For Real Estate Marketplace

Austin-based Swivel, which operates a marketplace to connect companies with office space--without the burden of long term leases--has raised $4.75M in a seed funding. According to Swivel, the funding was led by First Round Capital also included Fuel Capital, Correlation Ventures, Great Oaks Venture Capital, Hack VC, Capital Factory and Abstract Ventures. The company, founded by CEO Scott Harmon, was originally incubated by Mike Maples at Floodgate. According to Swivel, it will use the funding for hiring, grow its platform, and to expand into new cities. Swivel is targeting startups who are too big for coworking, but do not want to deal with long term leases and building out their own office space. Swivel said its site lets companies find and design their own office space, with flexible terms. More information »