Israel’s Connecteam Raises $120M For Deskless Workplace Platform

Israeli startup Connecteam, which provides a platform for a deskless workforce, announced this week it has raised $120 million in a Series C round.

The round was co-led by New York-based growth equity firm Stripes, and New York-based private equity and venture capital firm Insight Partners. It also had participation from Tiger Global, Qumra Capital, and Eyal Ofer’s O.G. Tech. Insight Partners also led Connecteam’s previous round. T

The Series C brings Connecteam’s total funding to $160 million. This new round of funding will help Connecteam scale its global operations, triple the size of its team, and expand both research and development and marketing to help businesses around the world manage and engage their deskless workers.

Connecteam helps companies of all sizes and across multiple industries – from small mom-and-pop shops to Fortune 500 firms in construction, security, healthcare, manufacturing, retail, hospitality – improve how they manage and engage their deskless workers. The company’s all-in-one app includes features for tracking time and attendance (including time off), communications, learning, and training, employee recognition, and more, and is designed to help manage the more than 2.7 billion workers or 80 percent of the global workforce that are not tied to a desk. It is fully
customizable to serve the needs of companies of any size without the need for IT support.

“Connecteam’s rapid growth is facilitated by demand from a new generation of managers who are keen on doing things differently: real-time, trackable, measurable, digital. Managers that are no longer willing to accept the old-fashioned ways of running a frontline business” said Amir Nehemia, CEO and co-founder of Connecteam.

“The beauty of the Connecteam product is that it is incredibly powerful and versatile, yet also extremely easy for owners, managers, and employees to adopt and use,” said Saagar Kulkarni, Partner at Stripes. “After speaking with glowing Connecteam customers who raved about how the product has transformed their businesses, it’s
hard to understand how you can manage a business with deskless workers without using Connecteam. We’re proud to back an incredible team that has built such an amazing product.”

“As more companies adapt to a deskless workplace, Connecteam provides the tools and confidence managers need to be successful. With its best-in-class product and strong leadership, Connecteam has already achieved traction in more than 80 countries and continues to grow,” said Jeff Horing, Co-Founder and Managing Director at Insight Partners. “We’re confident Connecteam will shape the future of the diskless workforce, and we look forward to our partnership as the company continues to scale up.”