Swivel is an agile office leasing platform that enables pre-qualified member companies to contract with landlord partners for creative office space on flexible terms with little or no up-front capital expenditure and no lease lock-in. Landlords use Swivel’s leasing platform to backstop their leases for member companies, eliminating the risk and uncertainty usually associated with offering more flexible lease terms. Since its network launch in 2019, Swivel has signed up more than 30 landlords representing more than 150 properties across Austin, Dallas and Houston. The company is led by founder and CEO Scott Harmon. Swivel intends to use the new funding for continued nationwide expansion and for further investment in its agile leasing platform and tenant-broker partner program. The company closed an $8m Series A in February 2020. Swivel operates an online platform that enables companies to find and design plug-and-play private office workspaces and pay on flexible terms. The company manages build-outs and claims it can enable moves into personalized offices in about four weeks. It services customers directly via its website and partners with tenant advisory firms and landlords to market properties. Swivel currently lists 45 spaces throughout Austin and has enabled four companies to create bespoke workspaces. The company plans to use the seed proceeds to make key hires at its Austin headquarters, grow its platform and expand into new cities. Co-founders include CEO Scott Harmon, Tabrez Syed, David Proft, Wade Cohn and Greg Kattawar.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2020