Connecteam Raises $120 Million in Series C  

by Kay Aloha Villamor in March 3rd, 2022

Connecteam, a Tel Aviv, Israel-based provider of SaaS solutions for a company to empower, manage, and engage its deskless workforce, raised $120 million in Series C funding, bringing the total funding to $160 million.

The round was co-led by Stripes, and Insight Partners, with participation from Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech.

The company intends to use the funds to scale its global operations, triple the size of its team, and expand both research and development and marketing to help businesses around the world manage and engage their deskless workers.

Company: Mobilesson Ltd.

Raised: $120.0M

Round: Series C

Funding Month: March 2022

Lead Investors: Stripes, and Insight Partners

Additional Investors: Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech

Company Website: https://connecteam.com/

Software Category: Employee Management 

About the Company: Founded in 2016, Led by Amir Nehemia, CEO and Co-Founder, Connecteam is the employee management app that connects everything a business needs from the field to the office, all in one place. Connecteam helps companies of all sizes and across multiple industries — from small mom-and-pop shops to Fortune 500 firms in such industries as construction, security, healthcare, manufacturing, retail, hospitality, and others — improve how they manage and engage their deskless workers. The company’s app includes features for tracking time and attendance (including time off), communications, learning and training, employee recognition, and more, and is designed to help manage the more than 2.7 billion workers or 80% of the global workforce that are not tied to a desk. It is fully customizable to serve the needs of companies of any size without the need for IT support. The company has 20,000-plus global customers that span 80 countries and include leading brands such as SodaStream (PepsiCo company), Sodexo, Saint Gobain, Berry Global, and others.


Source: https://www.finsmes.com/2022/03/connecteam-raises-120m-in-series-c-funding.html




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