# Tower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tower-2

- Industry: Software
- Headquarters: Chengdu, China
- Website: www.tower.im
- Total disclosed funding: $3M
- Latest round: Series A (Jun 19, 2016)
- Investors on record: 3

## About

Tower is a collaborative tool designed to enhance team productivity and project management through innovative features that streamline workflows and improve communication.Tower is a collaborative platform focused on facilitating team productivity and project management. Founded in 2010 and headquartered in Chengdu, China, the company has engaged in a total of 3 deals, with its most recent deal occurring on December 3, 2020. Tower successfully secured CNY 20.000 mn in a Series A funding round led by notable investors such as 5Y Capital, ByteDance Ltd., and Sequoia Capital. While specific details on the founder are not available, the company's operational strategy emphasizes efficiency and customer engagement.Tower operates under the ONES brand and provides a collaborative tool aimed at enhancing productivity and project management for teams. Its core offerings include features such as task management, document sharing, and real-time collaboration, targeting small to medium-sized enterprises (SMEs) across various sectors like technology, education, and professional services. Tower's products are marketed globally, with a strong presence in the Asia-Pacific region, especially in countries like Japan and South Korea.Tower's revenue model is predominantly based on subscriptions for its collaborative tools, offering tiered pricing plans that cater to varying business sizes and needs. Clients engage through annual or monthly subscriptions, with additional options to enhance the core capabilities of the product. The company has established partnerships with enterprises within the WeChat ecosystem, contributing to its revenue generation and market reach.Following its acquisition by Ones.Ai in December 2020, Tower aims to enhance its product offerings and expand into new markets. The company plans to develop additional features and tools within its platform, although specific release dates are not disclosed. Additionally, it is targeting growth in the Asia-Pacific region, particularly in Japan and South Korea, using the recent funding of CNY 20.000 mn to support these initiatives. The focus will be on leveraging its existing partnerships and enhancing its market positioning.

## Funding rounds

- Series A, Jun 19, 2016, $3M — Hong Shan, 5Y Capital, ByteDance Ltd.
- Series A, Jan 1, 2013 — Hong Shan

## Investors

- Hong Shan — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- ByteDance Ltd. — Series A