What is Connecteam?
Connecteam, founded in 2016 and headquartered in New York, New York, provides a comprehensive employee application designed to streamline the management of non-desk employees. Its solutions cover a wide array of business needs, including onboarding, compliance, health and safety protocols, operations management, and employee engagement. The platform aims to enhance productivity and communication for businesses with a distributed workforce.
How much funding has Connecteam raised?
Connecteam has raised a total of $158M across 3 funding rounds:
Unspecified
$1M
Series B
$37M
Series C
$120M
Unspecified (2016): $1M, investors not publicly disclosed
Series B (2021): $37M led by OG Tech, Wix, and Insight Partners
Series C (2022): $120M supported by Insight Partners, OG Tech, Qumra Capital, Stripes Group, and Tiger Global
Key Investors in Connecteam
Insight Partners
Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. Their platform, GO, supports portfolio company leaders in scaling their businesses.
OG Tech
OG Tech is an investor focused on technology and software solutions, aiming to support companies in their growth phases. Their involvement suggests a strategic interest in Connecteam's market.
Qumra Capital
Qumra Capital is a venture capital fund specializing in late-stage technology companies with proven market fit. They support ambitious teams aiming for global market leadership.
What's next for Connecteam?
The substantial enterprise-level backing and recent strategic investment signal Connecteam's readiness for accelerated scaling. This capital will likely be deployed to enhance its existing suite of tools, expand its market reach, and potentially explore new verticals within employee management technology. The company's focus on non-desk employees positions it to capitalize on evolving workplace dynamics, making future growth a strong possibility.
See full Connecteam company page
