TeamBridge secures $28 million to further its mission of transforming workforce management with a unique operating system designed for hourly workers.
The funding round, spearheaded by Mayfield, aims to enhance TeamBridge’s offerings, bringing unprecedented flexibility and efficiency to employers and employees alike.
Many businesses still rely on outdated methods to manage their workforce, significantly impacting efficiency. TeamBridge offers a fresh approach with its workforce operating system, automating processes and offering a highly adaptable mobile experience for frontline staff.
With this innovative solution, organisations can say goodbye to pen and paper or cumbersome spreadsheets, optimising their operations and empowering employees. This marks a significant shift in how industries manage an often-overlooked sector of their workforce.
Founded in 2019 by former Uber executives Arjun Vora and Tito Goldstein, TeamBridge is spearheaded by leaders from renowned companies like Google, Airbnb, Meta, and Notion.
The leadership team’s diverse experience ensures that TeamBridge remains at the cutting edge of workforce management technology, crafting solutions that best meet the needs of today’s dynamic business environment.
At the heart of TeamBridge’s platform lies a robust AI capable of redefining workplace operations, from onboarding to payroll.
This AI-driven system replaces individual tools, enabling businesses to design their workflows with ‘Lego block’ flexibility, tailoring processes to their specific needs and outperforming competitors.
In 2023 alone, TeamBridge experienced over 4x growth, doubling their success in early 2024. This rapid expansion is a testament to the platform’s effectiveness and its ability to revolutionise workforce management for over 300,000 employees.
The recent Series B funding, led by Mayfield with participation from General Catalyst and Abstract Ventures, is a pivotal moment for TeamBridge.
These funds are earmarked to double the size of its team and accelerate product development, particularly honing the platform’s AI roadmap.
The investment underscores a commitment to building infrastructure that supports evolving workforce needs in a rapidly changing economic landscape.
Arjun Vora emphasises that TeamBridge empowers the often neglected hourly workforce, which constitutes 60-70% of the global workforce.
By offering a tech-enabled operational framework, TeamBridge equips businesses to enhance their service efficiency and workforce satisfaction at a reduced cost.
This transformative technology is not just bolstering business efficiency but is also revolutionising the workplace for hourly employees, enhancing their opportunities and working conditions.
Clients like Revv Staffing have integrated TeamBridge’s OS to build proprietary applications, drastically reducing administrative workload.
By focusing on revenue-generating activities, clients have significantly enhanced their operational productivity and market competitiveness.
Nathan Halpern of Revv Staffing reports a 60% decrease in administrative tasks, showcasing tangible benefits from adopting TeamBridge’s solutions.
The platform enables businesses to create custom solutions, challenging traditional workforce management practices with its unique offerings.
TeamBridge is poised to reshape the future of workforce management, promising greater efficiency and empowerment for hourly workers.
