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][2] As of 2022, it had 20000 companies connected to the app and over 1 million users.[5]
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Company type | Privately held company |
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Industry | Workforce management, Human resource management |
Founded | 2016 |
Founders |
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Key people |
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Website | connecteam |
VentureBeat described Connecteam as a competitor in the workforce management space, alongside Skedulo and WorkJam, and enterprise giant Workday.[6]
Overview
editConnecteam, named after its employee management software[7] mainly targets businesses with a majority of blue-collar workers. It is used for employee management,[8][9] communication[10] and human resource management.[11][12][13]
History
editConnecteam was founded in 2016 by Amir Nehemia, Daniel Nuriel, and Yonatan Nuriel as a tool for deskless employees.[14] The company's first investors per Calcalist were WIX founders, who also helped to found cloud-based project management software Monday.com.[15] 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.[15]
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.[16][2][17]
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.[18]
In February 2022, the company raised $120 million in a Series C funding round, co-led by Stripes and Insight Partners.[4][19] Additionally, investors decided to purchase $40 million worth of shares from employees and early investors.[2] Investment firms Tiger Global, Qumra Capital, and O.G. Tech also participated in the funding round,[4] bringing the total funding to $160 million[20] at a valuation of $800 million.[21][19]
As of 2023, the company reported it reached 500,000 users in 36,000 companies worldwide.[2][22]
Reviews
editBusiness.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.[23]
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.[24]
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.[12]
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.[25]
References
edit- ^ "#2 Connecteam: "We're here for the people who'll never use Monday.com"". Globes. 12 July 2021. Retrieved 16 May 2024.
- ^ a b c d e "Connecteam raises $120 million for deskless workforce management platform". ctech. 2 March 2022. Retrieved 16 May 2024.
- ^ a b Orbach, Meir (28 April 2021). "Connecteam raises $37 million to grow all-in-one app for deskless employees". Calcalistech.
- ^ a b c Lunden, Ingrid (2 March 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 7 May 2024.
- ^ "The 50 most promising Israeli startups – 2022". ctech. 4 May 2022. Retrieved 16 May 2024.
- ^ Sawers, Paul (2 March 2022). "Deskless workforce management platform Connecteam raises $120M". VentureBeat. Retrieved 16 May 2024.
- ^ "Pricing". Connecteam. Retrieved 7 May 2024.
- ^ "Timeero – We Tested Connecteam: Here Is Our Unfiltered Review – Timeero". timeero.com. Retrieved 7 May 2024.
- ^ John, Steven (21 November 2023). "Best Employee Training Software of 2024". U.S. News & World Report. Retrieved 7 May 2024.
- ^ "Connecteam Honest Review by a Competitor | 2024". Jibble. Retrieved 7 May 2024.
- ^ Rice, David (7 December 2023). "Connecteam: HR Software In-Depth Review". Retrieved 7 May 2024.
- ^ a b "Connecteam Review (2024): Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 7 May 2024.
- ^ Que, Genevieve (3 April 2023). "Connecteam Review: Pricing, Deciding Factors & Alternatives". Fit Small Business. Retrieved 7 May 2024.
- ^ Stoller, Kristin (28 April 2021). "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes.
- ^ a b קאהאן, רפאל (15 August 2016). "Connecteam משיקה מחולל אפליקציות מובייל לארגונים". כלכליסט – www.calcalist.co.il. Retrieved 16 May 2024.
- ^ "Employee management app Connecteam raises $37m". Globes. 29 April 2021. Retrieved 7 May 2024.
- ^ Stoller, Kristin. "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes. Retrieved 7 May 2024.
- ^ "יש עובדים שבחיים לא יעבדו עם מאנדיי. אנחנו כאן בשבילם" [Some employees will never work with Monday. We are here for them]. Globes (in Hebrew). 2021. Retrieved 7 May 2024.
- ^ a b "Connecteam is valued at $800 million". UNLEASH. 2 March 2022. Retrieved 7 May 2024.
- ^ Hennessey, Zachy (6 March 2022). "Worker management tool Connecteam closes Series C funding for $160m". Jerusalem Post. Retrieved 7 May 2024.
- ^ Gilead, Assaf (2 March 2022). "Remote team app Connecteam raises $120m". Globes. Retrieved 7 May 2024.
- ^ "קיבלתם ווטסאפ מהעבודה בערב, למה שלא תקבלו על זה כסף?" [You received a WhatsApp from work in the evening, why not get paid for it?]. Walla (in Hebrew). 2024. Retrieved 7 May 2024.
- ^ "The Best Time and Attendance Reviews of 2024". business.com. Retrieved 17 May 2024.
- ^ "Best HR Software of 2024". US News.
- ^ Chowdhary, Krishi (5 October 2023). "Best employee management software of 2024". TechRadar. Retrieved 17 May 2024.