What is Teamable?
Teamable, headquartered in San Francisco with an additional office in Yerevan, Armenia, operates within the human resources technology sector. The company specializes in a crowdsourced referral system designed to improve recruiter efficiency and hiring manager satisfaction. By accelerating the hiring process and elevating candidate quality, Teamable serves a diverse clientele across more than 40 countries and numerous industries. Its scalable platform addresses critical pain points in modern recruitment, aiming to streamline the acquisition of top talent.
How much funding has Teamable raised?
Teamable has raised a total of $10.3M across 2 funding rounds:
Series A
$5.3M
Unspecified
$5M
Series A (2017): $5.3M with participation from True Ventures and SaaStr
Unspecified (2018): $5M led by Foundation Capital, True Ventures, and SaaStr
Key Investors in Teamable
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
True Ventures
True Ventures is a founder first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.
SaaStr
SaaStr is a prominent community and media platform focused on the SaaS industry, providing insights and resources for founders, executives, and investors, and actively participating in early-stage B2B SaaS funding.
What's next for Teamable?
The recent major strategic investment signals a pivotal phase for Teamable, likely enabling further expansion of its platform capabilities and market reach. This infusion of capital, following previous rounds, suggests a strong investor confidence in Teamable's business model and its potential to disrupt traditional hiring methods. The company is well-positioned to leverage this backing for product development, sales team expansion, and potentially international market penetration, solidifying its role as a key player in the enterprise HR technology space.
See full Teamable company page
