Connecteam

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Connecteam
Company typePrivate
IndustryWorkforce management, Human resource management
Founded2016; 8 years ago (2016)
Founders
  • Amir Nehemia
  • Daniel Nuriel
  • Yonatan Nuriel
Key people
  • Amire Nehemia (CEO)
  • Yuval Magid (COO)
Websiteconnecteam.com

Connecteam is cloud-based workforce management company and a software of the same name developed in 2016.[1] By 2021, the company raised $120 million in seed funding.[2][3][4]

In a 2022 book by Alexander Sutton" Trucking Business and Freight Broker Startup 2023[5] Connecteam is analysed as a comprehensive management solution for small businesses with a focus on optimizing daily operations, communication, and compliance. Among key features according to the book are scheduling and dispatching, GPS-enabled time tracking, seamless payroll integration, real-time updates, enhanced team communication tools, task management with reminders, access to safety and compliance protocols, and remote training resources.[5]

Overview[edit]

Connecteam, named after its employee management software[6] mainly targets businesses with a majority of blue-collar workers. It is used for employee management,[7][8] communication[9] and human resource management.[10][11][12]

History[edit]

Connecteam was founded in 2016 by Amir Nehemia, Daniel Nuriel, and Yonatan Nuriel.[13]

In April 2021, the company raised $37 million in a Series B funding round,[2] led by Insight Partners, O.G. Tech, and Wix.com’s leadership team.[14][15][16]

That same year, Connecteam was chosen as the second-most promising Israeli startup by Hebrew-language daily evening financial newspaper Globes.[17]

In February 2022, the company raised $120 million in a Series C funding round, co-led by Stripes and Insight Partners.[18][19] Investment firms Tiger Global, Qumra Capital, and O.G. Tech also participated in the funding round,[18] bringing the total funding to $160 million[20] at a valuation of $800 million.[21][19]

As of 2023, the company reported it reached 500,000 users in 36,000 companies worldwide.[15][22]

References[edit]

  1. ^ "Best Employee Scheduling Software of 2024". Investopedia. Retrieved 2024-05-07.
  2. ^ a b Orbach, Meir (Apr 28, 2021). "Connecteam raises $37 million to grow all-in-one app for deskless employees". Calcalistech.
  3. ^ Lunden, Ingrid (Mar 2, 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 2024-05-07.
  4. ^ "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-13.
  5. ^ a b "Trucking Business and Freight Broker Startup 2023 - Sutton, Alexander - Audiolibro in inglese | IBS". www.ibs.it (in Italian). Retrieved 2024-05-13.
  6. ^ "Pricing". Connecteam. Retrieved 2024-05-07.
  7. ^ "Timeero - We Tested Connecteam: Here Is Our Unfiltered Review - Timeero". timeero.com. Retrieved 2024-05-07.
  8. ^ John, Steven (Nov 21, 2023). "Best Employee Training Software of 2024". U.S. News & World Report. Retrieved 2024-05-07.
  9. ^ "Connecteam Honest Review by a Competitor | 2024". Jibble. Retrieved 2024-05-07.
  10. ^ Rice, David (Dec 7, 2023). "Connecteam: HR Software In-Depth Review". Retrieved 2024-05-07.
  11. ^ "Connecteam Review (2024): Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-05-07.
  12. ^ Que, Genevieve (2023-04-03). "Connecteam Review: Pricing, Deciding Factors & Alternatives". Fit Small Business. Retrieved 2024-05-07.
  13. ^ Stoller, Kristin (Apr 28, 2021). "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes.
  14. ^ "Employee management app Connecteam raises $37m". Globes. Apr 29, 2021. Retrieved 2024-05-07.
  15. ^ a b "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-07.
  16. ^ Stoller, Kristin. "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes. Retrieved 2024-05-07.
  17. ^ יש עובדים שבחיים לא יעבדו עם מאנדיי. אנחנו כאן בשבילם, 2021, retrieved 2024-05-07
  18. ^ a b Lunden, Ingrid (Mar 2, 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 2024-05-07.
  19. ^ a b "Connecteam is valued at $800 million". UNLEASH. 2022-03-02. Retrieved 2024-05-07.
  20. ^ Hennessey, Zachy (Mar 6, 2022). "Worker management tool Connecteam closes Series C funding for $160m". Retrieved 2024-05-07.
  21. ^ Gilead, Assaf (Mar 2, 2022). "Remote team app Connecteam raises $120m". Globes. Retrieved 2024-05-07.
  22. ^ קיבלתם ווטסאפ מהעבודה בערב, למה שלא תקבלו על זה כסף?, 2024, retrieved 2024-05-07
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