What is Connecteam?
Founded in 2016 and headquartered in New York, New York, Connecteam provides a comprehensive employee application designed to streamline the management of non-desk employees. Its platform offers robust solutions for onboarding, compliance, health and safety, operations management, and employee engagement, catering to businesses seeking to enhance productivity and communication across their 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, Insight Partners, and Wix
Series C (2022): $120M supported by Insight Partners, OG Tech, Qumra Capital, Tiger Global, and Stripes Group
Key Investors in Connecteam
Insight Partners
GO is a private platform purpose-built for Insight Partners' portfolio company leaders. GO unifies our 500+ software portfolio companies to foster connections, strengthen leadership, expand their brain trust, and provide support as they scale.
OG Tech
OG Tech offers superior engineered automatic door solutions for all types of automatic door systems. We always strive to use the best materials and designs for our products. One thing that all new customers will quickly learn about our company is that we put you first! Our top quality parts are up to 75% off of what competitors carry, which leaves our customers with a higher profit margin. This low price should not be mistaken for poor quality. All products sold by our company have been specifically designed to meet and in most cases exceed OE standards. This leaves our customers with the best possible quality AND the lowest possible prices in the industry. All of our products are brand new. We believe that brand new products are synonymous with great quality. Ultimately, nothing lasts as long as something that is brand new. We also believe our brand new products offer automatic door service technicians the security and confidence they need in knowing that the parts they install will last for a very long time. Quality customer service is an extremely important aspect of any company, and at OG Tech someone is always available during business hours to assist a customer's need. Live chat and over-the-phone assistance are available to all our customers.
Qumra Capital
Qumra Capital is a venture capital fund based in Israel that focuses on late-stage technology companies with proven market fit and significant revenues. The firm seeks to invest in ambitious teams capable of transforming their businesses into global market leaders. Their portfolio includes a diverse range of hypergrowth companies across various sectors, including mobile app analytics, construction technology, and health services. Qumra Capital aims to provide strategic support and resources to help these companies scale and disrupt their respective industries.
What's next for Connecteam?
The recent major strategic investment signals Connecteam's readiness for accelerated scaling and market expansion. This influx of capital is likely to fuel further product development, enhance its go-to-market strategies, and potentially explore new verticals within the employee management space. The company's focus on non-desk employees positions it to capitalize on evolving workplace dynamics.
See full Connecteam company page
