TeamBridge secures $28M in Series B funding to boost hourly workforce management
TeamBridge has raised $28 million in a Series B funding round, led by Mayfield, with participation from existing investors General Catalyst and Abstract Ventures. The newly acquired funds will be used to accelerate the development of their workforce operating system (OS), enhance artificial intelligence features, and expand the company’s infrastructure.
Founded by former Uber executives Arjun Vora and Tito Goldstein, TeamBridge is focused on revolutionising HR management for hourly workers. Unlike many tech solutions that cater to other tech companies, TeamBridge aims to address the needs of 60-70% of the global workforce engaged in hourly work.
“Our mission is to bring cutting-edge technology to the hourly workforce,” said Arjun Vora, Co-Founder and Co-CEO. “We’re developing tools that allow businesses to automate and optimise their workforce management processes, providing a much-needed upgrade from outdated systems.”
TeamBridge’s software enables businesses to build custom workflows and mobile applications, moving away from traditional, rigid HR solutions. Since its launch in late 2022, the company has seen rapid growth, now supporting over 300,000 employees across sectors such as medical staffing, homecare, and hospitality.
Tito Goldstein, Co-Founder and Co-CEO, added, “Our platform allows businesses to implement tech-enabled solutions quickly and efficiently, driving operational improvements and business growth.”
Nathan Halpern, CEO of Revv Staffing, highlighted the benefits of using TeamBridge: “The platform has drastically reduced our administrative workload, enabling our staff to focus more on activities that generate revenue.”
Mayfield Partner Sri Pangulur commended TeamBridge’s approach: “The company is redefining workforce management with its flexible operating system, providing significant benefits to businesses and their hourly employees. We’re thrilled to support their continued innovation.”
TeamBridge is now looking to expand its team over the next 6-12 months as it continues to develop and enhance its solutions for the hourly workforce.