Connecteam

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Connecteam
Company typePrivate
IndustryWorkforce management, Human resource management
Founded2016; 8 years ago (2016)
Founders
  • Amir Nehemia
  • Daniel Nuriel
  • Yonatan Nuriel
Key people
  • Amire Nehemia (CEO)
  • Yuval Magid (COO)
Websiteconnecteam.com

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 mln 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 managment 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]

  1. ^ "#2 Connecteam: "We're here for the people who'll never use Monday.com"". Globes. 2021-07-12. Retrieved 2024-05-16.
  2. ^ a b c d e "Connecteam raises $120 million for deskless workforce management platform". ctech. 2022-03-02. Retrieved 2024-05-16.
  3. ^ a b Orbach, Meir (April 28, 2021). "Connecteam raises $37 million to grow all-in-one app for deskless employees". Calcalistech.
  4. ^ a b c Lunden, Ingrid (March 2, 2022). "Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers". TechCrunch. Retrieved 2024-05-07.
  5. ^ "The 50 most promising Israeli startups - 2022". ctech. 2022-05-04. Retrieved 2024-05-16.
  6. ^ Sawers, Paul (2022-03-02). "Deskless workforce management platform Connecteam raises $120M". VentureBeat. Retrieved 2024-05-16.
  7. ^ "Pricing". Connecteam. Retrieved 2024-05-07.
  8. ^ "Timeero - We Tested Connecteam: Here Is Our Unfiltered Review - Timeero". timeero.com. Retrieved 2024-05-07.
  9. ^ John, Steven (Nov 21, 2023). "Best Employee Training Software of 2024". U.S. News & World Report. Retrieved 2024-05-07.
  10. ^ "Connecteam Honest Review by a Competitor | 2024". Jibble. Retrieved 2024-05-07.
  11. ^ Rice, David (Dec 7, 2023). "Connecteam: HR Software In-Depth Review". Retrieved 2024-05-07.
  12. ^ a b "Connecteam Review (2024): Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-05-07.
  13. ^ Que, Genevieve (2023-04-03). "Connecteam Review: Pricing, Deciding Factors & Alternatives". Fit Small Business. Retrieved 2024-05-07.
  14. ^ Stoller, Kristin (Apr 28, 2021). "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes.
  15. ^ a b קאהאן, רפאל (2016-08-15). "Connecteam משיקה מחולל אפליקציות מובייל לארגונים". כלכליסט - www.calcalist.co.il. Retrieved 2024-05-16.
  16. ^ "Employee management app Connecteam raises $37m". Globes. Apr 29, 2021. Retrieved 2024-05-07.
  17. ^ Stoller, Kristin. "Startup Connecteam Raises $37 Million To Help Employers Remotely Manage Deskless Workers". Forbes. Retrieved 2024-05-07.
  18. ^ "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 2024-05-07.
  19. ^ a b "Connecteam is valued at $800 million". UNLEASH. 2022-03-02. Retrieved 2024-05-07.
  20. ^ Hennessey, Zachy (Mar 6, 2022). "Worker management tool Connecteam closes Series C funding for $160m". Jerusalem Post. Retrieved 2024-05-07.
  21. ^ Gilead, Assaf (Mar 2, 2022). "Remote team app Connecteam raises $120m". Globes. Retrieved 2024-05-07.
  22. ^ "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 2024-05-07.
  23. ^ "The Best Time and Attendance Reviews of 2024". business.com. Retrieved 2024-05-17.
  24. ^ "Best HR Software of 2024". US News.
  25. ^ Chowdhary, Krishi (2023-10-05). "Best employee management software of 2024". TechRadar. Retrieved 2024-05-17.
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