Arjun Vora and Tito Goldstein have been engaged on the company aspect of Uber once they realized that HR software program largely wasn’t constructed to handle hourly employees. Many hourly employees lacked a solution to full fundamental self-service duties, the pair perceived, like clocking in and altering fee accounts.
After interviewing tons of of Uber drivers, Vora, an ex-Salesforce product designer, and Goldstein, Hyperloop’s former design lead, determined to construct a platform to their specs.
“Businesses face a need to modernize their tech stack,” Vora stated. “They need to be able to find, activate, and engage a workforce in ways not unlike the gig economy companies that draw away their people.”
Vora and Goldstein’s platform, TeamBridge, goals to automate sure HR duties whereas offering hourly employees a self-service app expertise. On the back-end, TeamBridge gives templates and workflows for issues like onboarding and time-off monitoring, whereas the app — which corporations can customise — lets workers view and declare shifts, signal any mandatory authorized documentation, and textual content with managers.
Prospects can subscribe to TeamBridge’s core platform and, for added charges, add explicit self-service and workflow-driven capabilities.
“We provide the ‘LEGO blocks’ needed to build out composable HR workflows and custom mobile apps,” Vora, TeamBridge’s CEO, stated.
A number of different distributors are going after the marketplace for gig employee HR software program, like Wingspan, Kronos, Deputy and Homebase. San Francisco-based TeamBridge has spectacular traction, nonetheless, with 100,000 hourly employees on the platform and company shoppers together with Convo and Dairy Queen.
Income elevated 3x final 12 months — the 12 months after TeamBridge launched — and it greater than doubled once more within the first half of 2024, Vora tells me.
“In times of high demand, our customers are looking for ways to help scale their org effectively,” Vora stated. “When there is a slowdown, our customers are looking for automation and efficiency gains to reduce costs. Our ability to do both in TeamBridge allows us to position ourselves for whatever the current market needs.”
To set the stage for its subsequent development part, TeamBridge closed a $28 million Collection B funding spherical led by Mayfield with participation from Common Catalyst and Summary Ventures, bringing the startup’s whole raised to $41.5 million. The brand new money shall be put towards product R&D and doubling TeamBridge’s 42-person workforce over the following 12 months, Vora stated.
