- Connecteam — an all-in-one employee app that empowers organizations with non-desk employees to communicate, engage, and operate their teams — announced recently the closing of a $37 million funding round. These are the details.
Connecteam — an all-in-one employee app that empowers organizations with non-desk employees to communicate, engage, and operate their teams — announced recently the closing of a $37 million funding round led by Insight Partners, OG tech, and Wix’s leadership team. Launched in 2016, Connecteam’s 10,000-plus global customers span 60 countries and include leading brands like Nike, Sodexo, SodaStream, ISS, and Plasson.
Last year, the company saw massive customer growth of more than 400% and it now has over 150,000 active users. The company had grown its team by 300% to meet the rising demand to better connect teams and improve operational efficiency.
Connecteam’s focus is remaining on providing a top tier product for deskless employees globally. And the company is constantly enhancing its platform capabilities and is expected to grow its team by over 300% again in 2021. The key milestones for the company have placed an emphasis on growing its R&D team, improving the end-user experience, and scaling its localization and language offerings.
KEY QUOTES:
“We have built the platform from the ground up to meet the needs of organizations with frontline employees. Most people don’t realize it, but deskless employees comprise 80% of the global workforce – 2.7B employees around the world. So many organizations still rely on bulletin boards, phone calls, printed spreadsheets, and face-to-face training to run their businesses. We have plans to change that and help organizations and their employees improve communication, work processes, and collaboration.”
— Amir Nehemia, Co-Founder and CEO of Connecteam
“Like Wix, Connecteam is a great product-led company that doesn’t just focus on the problem it solves, but also on the people behind it. I am not surprised to see its accelerated growth: it has the right mindset, an outstanding product, and a vast market that is pro-actively looking to do things differently as they are tired of the old ways. I believe we are going to hear much about Connecteam in the future.”
— Avishai Abrahami, Wix’s CEO and an early stage investor at Connecteam
“Running a business with non-desk employees is difficult, and when it comes to technological solutions, so many deskless industries are overlooked and underserved. Connecteam changes the way its customers run their business. In just a few minutes, companies can communicate digitally with their team and better manage their workforce, allowing them to operate more efficiently. We are excited to partner with Connecteam to scale up and bring their solution to even more companies globally.”
— Jeff Horing, Insight Partners Co-Founder and Managing Director
