Connecteam, a Tel Aviv, Israel-based provider of SaaS solutions for a company to empower, manage, and engage its deskless workforce, raised $120m in Series C funding.
The round, which brought total funding to $160m, was co-led by Stripes, and Insight Partners, with participation from Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech.
The company intends to use the funds to scale its global operations, triple the size of its team, and expand both research and development and marketing to help businesses around the world manage and engage their deskless workers.
Led by Amir Nehemia, CEO and Co-Founder, Connecteam helps companies of all sizes and across multiple industries — from small mom-and-pop shops to Fortune 500 firms in such industries as construction, security, healthcare, manufacturing, retail, hospitality and others — improve how they manage and engage their deskless workers. The company’s app includes features for tracking time and attendance (including time off), communications, learning and training, employee recognition, and more, and is designed to help manage the more than 2.7 billion workers or 80% of the global workforce that are not tied to a desk. It is fully customizable to serve the needs of companies of any size without the need for IT support.
Connecteam’s all-in-one product is comprised of three different hubs, providing everything deskless managers need to run their business:
- Operations: Time tracking, scheduling, checklists and forms, task management
- Communication: Internal chat, organizational directory, updates and announcements, surveys
- HR and people management: recognition and rewards, employee documentation management, employee timeline, training and skill building
Founded in 2016, the company has 20,000-plus global customers that span 80 countries and include leading brands such as SodaStream (PepsiCo company), Sodexo, Saint Gobain, Berry Global and others.
FinSMEs
02/03/2022