TeamBridge, a Workforce OS (workforce operating system) empowering hourly workforces, has secured $28 million in Series B funding. The round was led by Mayfield (which backed DevRev and Deployed), with participation from existing investors General Catalyst, which backed Figma and Factorial, and Abstract Ventures, which invested in Hedra.
The fresh funds will be used to accelerate the product and AI roadmap, enhance client services, and continue to scale its enterprise-grade infrastructure. TeamBridge is also looking to double the size of its team in the next six to 12 months.
“TeamBridge supercharges businesses with hourly workforces by providing them with the first composable operating system to create customisable workflows to manage and empower this important but neglected demographic of the economy,” said Sri Pangulur, Partner at Mayfield. “Businesses are able to optimise their bottom line, and front-line workers are offered more flexibility and income opportunities through TeamBridge’s software. We are thrilled to be leading TeamBridge’s Series B to partner with them to build the operating system of record for the hourly workforce.”
What challenge does it tackle?
For organisations that rely on their workforce, their product is their people. The way they manage that workforce is the difference between a highly successful team and a failing organisation. Today, the software market available to manage and empower this essential sector is full of legacy players and rigid solutions with some companies still relying on pen and paper or spreadsheets for their unique processes.
TeamBridge is a workforce OS to automate businesses’ unique processes while providing frontline staff with a self-service, Uber-like mobile experience.
The team behind TeamBridge
The company was founded by former Uber execs – Arjun Vora and Tito Goldstein in 2019. Vora, who previously served as Uber’s Head of Driver Design, and Goldstein, formerly Uber’s Head of Product Design for Uber for Business. They are joined by leads from Google, Airbnb, Meta, Notion, DoorDash, and Samsara.
What does the company do?
At the platform’s core is a robust AI, which is capable of replacing individual workplace tools by organizing and automating onboarding, scheduling, communication, time & attendance, reporting, pay, and more. TeamBridge provides the “Lego blocks” needed to build out composable workflows and custom mobile apps, enabling businesses to win against competitors.
Its new approach unlocks organisations by giving them the tools to build the software they want, automating repetitive work, instantly enforcing policies, and streamlining workflows for clients and employees with customisable self-service tools, all delivered in an elegant workforce app.
The company saw over 4x growth in 2023 alone and have already 2x’d again in Q1 2024. Businesses are using TeamBridge’s building blocks to create their own internal and client facing operating systems to drive efficiency and growth, supporting over 300k+ employees on the platform.
“Most tech companies are building for each other,” says Arjun Vora, Co-Founder and Co-CEO of TeamBridge. “We’re building technology for the forgotten demographic: the hourly workforce. That’s 60-70% of the world’s workforce. We’re bringing the technology revolution to those businesses — giving them a workforce OS to deploy their secret sauce at scale.”
“TeamBridge allows businesses to activate a tech-enabled workforce at a fraction of the cost and time it used to take. Our clients leverage a faster, more efficient, and more self-service toolkit to consolidate their markets and win business,” says Tito Goldstein, Co-Founder and Co-CEO of TeamBridge.
“TeamBridge is changing the way my team works. We used the TeamBridge OS to build our own app with our secret sauce embedded into it. I can now put my staff on revenue generating activities. In fact, we’ve reduced admin time by 60% since going live,” shared Nathan Halpern, CEO of Revv Staffing.
