TeamBridge Secures $28 Million to Enhance Workforce Technology
TeamBridge Raises $28 Million to Transform the Hourly Workforce
TeamBridge, the rapidly growing Workforce Operating System (Workforce OS), has successfully secured $28 million in Series B funding. The investment round was led by Mayfield, with substantial participation from existing investors like General Catalyst and Abstract Ventures. This funding marks a significant leap in the company’s mission to empower hourly workforces through technology.
Utilizing Funds for Innovation
The new capital will primarily focus on accelerating the development of product features and artificial intelligence, improving client services, and scaling their robust enterprise-grade infrastructure. With these enhancements, TeamBridge aims to revolutionize how organizations manage their workforce, particularly in industries historically reliant on outdated methods.
Empowering Businesses
In today's competitive environment, organizations recognize that their workforce is their most valuable asset. The ability to effectively manage this workforce can spell the difference between thriving and merely surviving. Traditional software solutions in the market are often outdated and rigid, leaving many companies trapped in manual processes such as pen-and-paper records or cumbersome spreadsheets.
Innovative Solutions Designed for Hourly Workers
TeamBridge offers a Workforce OS developed by leaders who previously guided product and design at Uber. Their platform helps automate distinctive business processes while delivering a user-friendly, mobile experience akin to popular apps. This innovative approach provides businesses with essential tools—referred to as “lego blocks”—to create customizable workflows and mobile applications, thus gaining an edge over competitors stuck with generic tools.
A Vision to Support the Neglected Workforce
“Many tech companies cater primarily to one another,” explains Arjun Vora, Co-Founder and Co-CEO of TeamBridge. “Our focus is on the often-overlooked demographic—the hourly workforce, which represents 60 to 70 percent of the global workforce. We are committed to bringing a technological revolution to these businesses, providing them with a Workforce OS that allows for scalability and efficiency.”
His co-founder, Tito Goldstein, elaborates, “With TeamBridge, companies can harness a tech-enabled workforce at a fraction of what it used to cost, benefiting from a self-service toolkit that enhances operational effectiveness and market competitiveness.”
Transforming the Workforce Landscape
By equipping organizations with the necessary software tools, TeamBridge facilitates automation of routine tasks and enforcement of policies, thereby enhancing workflow efficiency for both clients and employees. Their platform supports customizable self-service capabilities, all encapsulated within a sophisticated workforce application.
Since its launch in late 2022, TeamBridge has witnessed remarkable growth across multiple sectors, including Medical Staffing, Homecare, Warehouse Staffing, and Hospitality. The company reported an astounding fourfold growth in 2023, and a doubling of its reach in the first quarter of 2024. As a result, over 300,000 employees are leveraging TeamBridge’s platform to create tailored internal and client-facing operating systems, driving efficiency and expansion across their organizations.
Client Testimonials Highlighting Success
Business leaders are noticing real-time improvements. Nathan Halpern, CEO of Revv Staffing, shared, “TeamBridge has transformed my team's workflow. We utilized the TeamBridge OS to design our own app with unique custom features. This shift has allowed us to focus our staff on revenue-generating activities, significantly reducing our administrative overhead by 60%.”
Team Composition and Future Goals
Founded by former Uber product and design leaders, Arjun Vora and Tito Goldstein, TeamBridge aims to reshape workforce management. Their team also incorporates talents from major players like Google, Airbnb, Meta, Notion, DoorDash, and Samsara, providing a wealth of experience geared towards enhancing how hourly workforces function.
“TeamBridge revolutionizes businesses with hourly employees by introducing the first composable operating system for customizable workflows, allowing better management of this often-overlooked segment of the economy,” states Sri Pangulur, Partner at Mayfield. “With our support, these businesses can optimize their profitability while offering workers increased flexibility and income opportunities.”
Looking ahead, TeamBridge plans to increase its workforce significantly within the next six to twelve months. This hiring initiative is a crucial step towards solidifying its position as the leading operating system for the hourly workforce.
About TeamBridge
TeamBridge democratizes access to innovative solutions for workers who previously lacked such opportunities. Their composable Workforce OS centralizes team collaboration via a tailored app. At its core is advanced AI that replaces outdated workplace tools by automating onboarding, scheduling, communication, time attendance, reporting, payroll, and more.
Frequently Asked Questions
What is TeamBridge?
TeamBridge is a Workforce Operating System designed to empower hourly workforces through automation and self-service tools.
How much funding did TeamBridge raise?
TeamBridge raised $28 million in a Series B funding round to enhance its technology and services.
What sectors does TeamBridge operate in?
TeamBridge serves various sectors, including medical staffing, homecare, warehouse staffing, and hospitality.
Who are the founders of TeamBridge?
TeamBridge was founded by Arjun Vora and Tito Goldstein, both former leaders at Uber.
What are the future plans for TeamBridge?
TeamBridge aims to double its team size in the near future to continue its expansion and innovation in workforce solutions.
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