TeamBridge Secures $28M Series B to Revolutionize Hourly Workforce Management
Slice of Finance Team
09/23/2024
Key Highlights:
- TeamBridge raises $28M in Series B, led by Mayfield, with participation from General Catalyst and Abstract Ventures.
- Funds to accelerate AI roadmap and scale enterprise-grade infrastructure for businesses with hourly workforces.
- 4x growth in 2023 across sectors like Medical Staffing, Hospitality, and more.
- TeamBridge enables businesses to build custom mobile apps and streamline workflows with their composable Workforce OS.
- Platform supports over 300k+ employees, helping businesses automate and reduce admin time by 60%.
Source: Business Wire
Quotes
“ "We're building technology for the forgotten demographic: the hourly workforce. That’s 60-70% of the world’s workforce." ”
Arjun Vora, Co-Founder and Co-CEO at TeamBridge
Our Take:
TeamBridge is poised to disrupt an underserved segment of the workforce technology market by catering to the specific needs of hourly workers. As legacy systems continue to fall short in addressing the complexities of this workforce, TeamBridge's composable Workforce OS offers a highly customizable, tech-forward solution. The company's impressive growth and investor confidence signal strong future potential. The ability to automate workflows and reduce administrative overhead could be game-changing for industries like hospitality, healthcare, and staffing, where efficiency directly impacts the bottom line.
