Tech Company Financing Transactions
Teamshares Funding Round
Teamshares closed a $245 million Series D funding round on 8/20/2023. Backers included QED Investors, Inspired Capital Partners and Khosla Ventures.
Transaction Overview
Company Name
Announced On
8/20/2023
Transaction Type
Venture Equity
Amount
$245,000,000
Round
Series D
Investors
QED Investors (Lead Investor) (Frank Rotman)
Proceeds Purpose
The company intends to use the funds to further scale its model nationally and accelerate product development.
Company Information
Company Status
Private & Independent
Industry
HRTech
Mailing Address
195 Montague Street 14th Fl
Brooklyn, NY 11201
USA
Brooklyn, NY 11201
USA
Phone
Undisclosed
Website
Email Address
Overview
Teamshares is an employee ownership platform for small business, driven by proprietary software, education, and financial products. Small businesses are the backbone of America, employing half of all workers and powering 44% of our economy. However, when small business owners retire, 70% fail to find a buyer, often forcing them to shut their doors forever. The owner loses their retirement money and legacy, the company's employees lose their jobs, and the community loses a valuable business.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Brown
Chief Financial Officer
John Stuart
Co-Founder
Alex Eu
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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