The field of multimetallic catalysis is rapidly developing and some multimetallic complexes catalyze organic transformations to yield the desired products in more efficient ways owing to the combined action of different metals in a cooperative fashion. This Concept article describes the recent advances of cooperative catalysis playing in multimetallic systems such as homo‐multimetallic complexes with short metal‐metal distances, homo‐multimetallic complexes with long metal‐metal distances, hetero‐multimetallic complexes and metallocene‐based multimetallic complexes with special attention towards redox‐switchable catalysis. Examples are illustrated in which the use of multimetallic complexes show clear enhancement of catalytic outcomes when compared with the sum of their corresponding mononuclear counterparts. Furthermore, several examples are discussed showing the effects of electronic communication in cooperative systems. Teamwork: In this Concept article the authors discuss selected examples of cooperativity in multimetallic systems. Homobimetallic systems with short and long metal‐metal distances are considered, and the interplay of the different metals in several heterometallic complexes is reviewed. Cooperativity in metallocene‐based systems and their utilization in redox‐switchable catalysis is also discussed.