Friday Fundings: Connecteam, Tenderly, Zero
Connecteam Snags $120 Million to Reach the Deskless Job Market
Connecteam, a New York-based software company, raised $120 million in a Series C round. This funding comes on the heels of a $37 million Series B round in April 2021.
The company develops technology to serve the deskless job market, which Connecteam identifies as the vast majority of the workforce. It serves industries such as health care, construction, manufacturing, and restaurants. Its mobile app is a workforce communication and management tool providing accessibility to on-the-go employees.
Tenderly Raises $40 Million in Blockchain Domain
Blockchain is attracting a lot of interest from private equity investors. Startup Tenderly is one of many blockchain infrastructure companies catching their attention. The company just raised $40 million in a Series B round after posting 500% year-over-year revenue growth.
Tenderly looks to create easy-to-use blockchain infrastructure products for Web3 developers. The company plans to deploy the new capital to support their sales effort, add staff, and build out its product offerings.
Zero Scores $12 Million to Boost Productivity
The time, energy, and resources companies attribute to email administration are often significant. Zero focuses on providing automation technology to lighten this burden. The company’s system uses artificial intelligence to sort email messages and even complete tasks such as logging an attorney’s billable time on a timesheet.
Zero currently serves 12 large clients in the financial and legal space. It plans to use the new capital to expand into other sectors and launch a new service platform focused on data classification for target clients.
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