Wikipedia

Connecteam

Connecteam is a cloud-based workforce management company and a software of the same name developed in 2016.[1][2] By 2021, the company raised $120 million in seed funding.[3][4][5] As of 2022, it had 20000 companies connected to the app and over 1 mln users.[6]

Connecteam
Company typePrivate
IndustryWorkforce management, Human resource management
Founded2016; 8 years ago (2016)
Founders
  • Amir Nehemia
  • Daniel Nuriel
  • Yonatan Nuriel
Key people
  • Amire Nehemia (CEO)
  • Yuval Magid (COO)
Websiteconnecteam.com

VentureBeat described Connecteam as a competitor in the workforce management space, alongside Skedulo and WorkJam, and enterprise giant Workday.[7]

Overview edit

Connecteam, named after its employee management software[8] mainly targets businesses with a majority of blue-collar workers. It is used for employee management,[9][10] communication[11] and human resource management.[12][13][14]

History edit

Connecteam was founded in 2016 by Amir Nehemia, Daniel Nuriel, and Yonatan Nuriel as a tool for deskless employees.[15] The company's first investors per Calcalist were WIX founders, who also helped to found cloud-based project managment software Monday.com.[16] The first product was a SaaS platform for businesses of any size to quickly launch an internal app for communicationg with employees without technical support.[16]

In April 2021, the company raised $37 million in a Series B funding round,[3] led by Insight Partners, O.G. Tech, and Wix.com’s leadership team.[17][18][19]

That same year, Connecteam was chosen as the second-most promising Israeli startup by Hebrew-language daily evening financial newspaper Globes. The COVID-19 pandemic significantly helped Connecteam's growth as the app allowed businesses to ensure that all employees, including those without corporate emails or computers, received crucial updates and etc.[20]

In February 2022, the company raised $120 million in a Series C funding round, co-led by Stripes and Insight Partners.[21][22] Additionally, investors decided to purchase $40 million worth of shares from employees and early investors.[23] Investment firms Tiger Global, Qumra Capital, and O.G. Tech also participated in the funding round,[21] bringing the total funding to $160 million[24] at a valuation of $800 million.[25][22]

As of 2023, the company reported it reached 500,000 users in 36,000 companies worldwide.[18][26]

Reviews edit

Business.com rated Connecteam 9.5 out of 10, calling it the best app for frontline workers. However, its pricing may be too expensive for small businesses with 11 to 30 employees.[27]

U.S. News & World Report reviewed it as a robust platform for managing deskless workers and remote teams, highlighting its effective communication tools. Cons: time-consuming setup and no video chat.[28]

Forbes rated Connecteam 4.4 out of 5, praising it for its easy-to-use employee management, communication, and collaboration features. Pros include a free plan for up to 10 users, an all-in-one interface, and responsive customer service. Cons involve the need for upgrades to access more features, higher costs for smaller teams, and occasional app lag.[29]

TechRadar reviewed Connecteam, noting its usage in remote employee communication with social media-style updates, task management, and time tracking. Among cons were lacking of payroll management.[30]

References edit

  1. ^ "#2 Connecteam: "We're here for the people who'll never use Monday.com"". Globes. 2021-07-12. Retrieved 2024-05-16.
  2. ^ "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-16.
  3. ^ a b Orbach, Meir (Apr 28, 2021). "Connecteam raises $37 million to grow all-in-one app for deskless employees". Calcalistech.
  4. ^ Lunden, Ingrid (Mar 2, 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 2024-05-07.
  5. ^ "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-13.
  6. ^ "The 50 most promising Israeli startups - 2022". ctech. 2022-05-04. Retrieved 2024-05-16.
  7. ^ Sawers, Paul (2022-03-02). "Deskless workforce management platform Connecteam raises $120M". VentureBeat. Retrieved 2024-05-16.
  8. ^ "Pricing". Connecteam. Retrieved 2024-05-07.
  9. ^ "Timeero - We Tested Connecteam: Here Is Our Unfiltered Review - Timeero". timeero.com. Retrieved 2024-05-07.
  10. ^ John, Steven (Nov 21, 2023). "Best Employee Training Software of 2024". U.S. News & World Report. Retrieved 2024-05-07.
  11. ^ "Connecteam Honest Review by a Competitor | 2024". Jibble. Retrieved 2024-05-07.
  12. ^ Rice, David (Dec 7, 2023). "Connecteam: HR Software In-Depth Review". Retrieved 2024-05-07.
  13. ^ "Connecteam Review (2024): Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-05-07.
  14. ^ Que, Genevieve (2023-04-03). "Connecteam Review: Pricing, Deciding Factors & Alternatives". Fit Small Business. Retrieved 2024-05-07.
  15. ^ Stoller, Kristin (Apr 28, 2021). "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes.
  16. ^ a b קאהאן, רפאל (2016-08-15). "Connecteam משיקה מחולל אפליקציות מובייל לארגונים". כלכליסט - www.calcalist.co.il. Retrieved 2024-05-16.
  17. ^ "Employee management app Connecteam raises $37m". Globes. Apr 29, 2021. Retrieved 2024-05-07.
  18. ^ a b "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-07.
  19. ^ Stoller, Kristin. "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes. Retrieved 2024-05-07.
  20. ^ יש עובדים שבחיים לא יעבדו עם מאנדיי. אנחנו כאן בשבילם, 2021, retrieved 2024-05-07
  21. ^ a b Lunden, Ingrid (Mar 2, 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 2024-05-07.
  22. ^ a b "Connecteam is valued at $800 million". UNLEASH. 2022-03-02. Retrieved 2024-05-07.
  23. ^ "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-16.
  24. ^ Hennessey, Zachy (Mar 6, 2022). "Worker management tool Connecteam closes Series C funding for $160m". Retrieved 2024-05-07.
  25. ^ Gilead, Assaf (Mar 2, 2022). "Remote team app Connecteam raises $120m". Globes. Retrieved 2024-05-07.
  26. ^ קיבלתם ווטסאפ מהעבודה בערב, למה שלא תקבלו על זה כסף?, 2024, retrieved 2024-05-07
  27. ^ "The Best Time and Attendance Reviews of 2024". business.com. Retrieved 2024-05-17.
  28. ^ "Best HR Software of 2024". US News.
  29. ^ "Connecteam Review (2024): Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-05-17.
  30. ^ updated, Krishi Chowdhary last (2023-10-05). "Best employee management software of 2024". TechRadar. Retrieved 2024-05-17.
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