When talking about distributed team management tools, the typical image that comes to mind is people spending their working day sitting in front of a screen.
In truth, however, the majority of jobs are not office related. This includes most major employment sectors, covering healthcare, construction, manufacturing and others. Venture capitalists seem to think there is a need to use more personalized management tools for these workers.
That appears to be the rationale behind a $120 million Series C funding round announced today for the New York headquarters. Connecteamprovider of a customizable application and technology for managing deskless teams. Grooves and Insight Partners led the financing, joined by world tiger, Capital of Qumra and OG technology.
It’s a large addressable market, according to Connecteam, which estimates that deskless jobs make up 80% of the workforce. Despite this, the company maintains that team management tools have generally been developed with office workers in mind.
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Connecteam’s technology is accessible to employees via a mobile application. Using this tool, employers and employees can do things like schedule and check shifts, send notifications, chat with other employees, access training materials, manage timesheets and more again.
The 8-year-old company has been moving pretty fast lately and said it saw 400% growth in both revenue and customers last year. The company also raised a $37 million Series B round in April.
The latest round comes as a number of companies offering tools for deskless workers are seeing significant investment. A Crunchbase sampling found at least six companies in the space that have raised funds since last year:
Besides Connecteam, some of the largest funding recipients include:
- skeduloa workforce management and scheduling platform for officeless workers, raised $75 million in a Series C funding round in July.
- YOOBICa communication, training and process management platform for frontline workers, raised $50 million in a Series C round in July.
- EduMea mobile training platform for officeless workers, raised $20 million in a Series B round in January.
Overall, companies developing tools focused on deskless workers have secured more than $300 million in total funding since last year, according to data from Crunchbase.
Drawing: Li Anne Dias
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