TeamBridge, a San Francisco, CA-based workforce OS (workforce operating system) empowering hourly workforces, has raised $28 million in Series B funding.
Investors
The round was led by Mayfield, with participation from existing investors General Catalyst and Abstract Ventures.
Mayfield, an early-stage VC firm, has invested in more than 550 companies, resulting in 120 IPOs and over 225 acquisitions. They invest in new companies at the ideation and early stages, primarily Seed, Series A, and Series B. Since 1969, Mayfield has raised 20 U.S. funds and currently manages $3 billion.
TeamBridge Use of Funds
The company will use the funds to accelerate its product and AI roadmap, enhance client services, and continue scaling its enterprise-grade infrastructure.
About TeamBridge
Founded by Arjun Vora and Tito Goldstein, TeamBridge provides a Workforce Operating System (OS) designed to manage and empower hourly workforces. The platform offers businesses tools to automate unique processes, build custom workflows, and create mobile apps tailored to their needs. It automates repetitive tasks and enforces policies, aiming to increase efficiency and reduce administrative burdens. TeamBridge targets sectors such as medical staffing, homecare, warehouse staffing, and hospitality.
Funding Details
Company: TeamBridge LLC
Raised: $28.0M
Round: Series B
Funding Date: September 2024
Lead Investor: Mayfield
Additional Investors: General Catalyst, Abstract Ventures
Company Website: https://teambridge.com/
Software Category: Workforce Management
Source: https://www.businesswire.com/news/home/20240916601172/en/