Connecteam
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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 |
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]
VentureBeat described Connecteam as a competitor in the workforce management space, alongside Skedulo and WorkJam, and enterprise giant Workday.[6]
Overview
[edit]Connecteam, 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
[edit]Connecteam 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
[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.[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.