Swingvy Raises $7M
Swingvy, the all-in-one HR cloud based platform for small and mid-sized businesses in Asia, has raised $7m in a Series A round led by Samsung Ventures, with participation from Aviva Ventures, Bass Investments, Walden International, and Big Basin Capital.
Launched in late 2016, Swingvy has acquired over 5,000 companies and has grown 390% year-over-year in revenue last year. The company also entered the employee benefits space, offering group insurance plans for companies.
“While HR tech is a fast-growing sector in the US, it has not been highlighted in the APAC region especially for small companies. They often struggled with manual HR processes or using complex and expensive software.” – Cofounder and CEO of Swingvy, Jin Choeh.