MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Israel-based Connecteam Secures $120 million in Series C

Israel-based Connecteam Secures $120 million in Series C

The funding will be used to scale its global operations, triple the size of its team, and expand both R&D and also marketing

Tel Aviv-based Connecteam has announced that it has secured $120 million in Series C. The round was co-led by co-led by Stripes, and Insight Partners, with participation from Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech.

The round has brought total funding up to $160 million. Connecteam intends to use the funding to scale its global operations, triple the size of its team, and expand both R&D and also marketing.

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.

"There is such strong demand for the functionality Connecteam provides to help manage deskless workers. They saw 400% growth in both revenue and customers last year and are poised to accelerate their expansion with this new round of funding," said Jeff Horing at Insight Partners.

Connecteam has over 20,000 customers in 80 countries and is led by Amir Nehemia, CEO and Co-Founder. The company helps companies of all sizes from Fortune 500 firms to small mom-and-pop stores. Their app has 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.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED