Israel-based Connecteam raises $120M for its deskless workforce app to support 2.7 billion global workers not tied to their desks
Before the pandemic started 2 years ago, the idea of remote work was gaining steam as more employees work from home. There were even several tech companies with no fixed geographic location. The pandemic has now accelerated it as more and more companies the remote work culture. According to the latest estimates, there are more than 2.7 billion workers or 80% of the global workforce that are not tied to a desk.
However, managing employees remotely comes with its own challenges. As companies embrace a new era of deskless workforce, new sets of tools are needed to maintain team communications. Additionally, companies also need productivity tools to improve how they manage and engage their deskless workers.
Despite the existence of sophisticated software to automate back-office tasks and manage salaried workers, very little has been invested in improving the experience of deskless workers or the experience of those who manage them. That’s where this Israeli tech startup comes in.
Enter Connecteam, a Tel Aviv, Israel-based tech startup that employers remotely manage their deskless workers. Connecteam’s deskless workforce management app provides an all-in-one experience for communication, engagement operations, and training. Connecteam currently serves over 20,000 customers around the world in over 80 countries from over 200 different industries.
Today, Tel Aviv, Israel-based Connecteam announced it has raised $120 million in a Series C round of funding co-led by New York-based growth equity firm Stripes, and New York-based private equity and venture capital firm Insight Partners, with participation from Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech. Insight Partners also led Connecteam’s previous round. The Series C brings Connecteam’s total funding to $160 million.
Connecteam will use the latest cash infusion 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.
Founded in 2016 by CEO Amir Nehemia, Daniel Nuriel, and Yonatan Nuriel, Connecteam is a multi-functional and unique workforce management mobile solution for companies that manage on-the-go teams.
“Connecteam’s rapid growth is facilitated by demand from a new generation of managers who are keen on doing things differently: real-time, trackable, measurable, digital. Managers who are no longer willing to accept the old-fashioned ways of running a frontline business,” said Amir Nehemia, CEO and Co-Founder, Connecteam. “Employees and managers alike crave high-quality tools and experiences in their work life. Connecteam is committed to providing those tools — from day-to-day operations to internal communication and all the way to HR and people management. I strongly believe that any deskless business must have an app to run their operations, and that is why we also offer a full free tier — so everyone who needs it can use it.”
Today, 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. Its app is fully customizable to serve the needs of companies of any size without the need for IT support.
“The beauty of the Connecteam product is that it is incredibly powerful and versatile, yet also extremely easy for owners, managers, and employees to adopt and use,” said Saagar Kulkarni, Partner at Stripes. “After speaking with glowing Connecteam customers who raved about how the product has transformed their businesses, it’s hard to understand how you can manage a business with deskless workers without using Connecteam. We’re proud to back an incredible team that has built such an amazing product.”