TeamBridge, founded by former Uber execs, raises $28M to build HR software for hourly workers
Arjun Vora and Tito Goldstein were working on the corporate side of Uber when they realized that HR software largely wasn't built to manage hourly staff. Many hourly workers lacked a way to complete basic self-service tasks, the pair perceived, like clocking in and changing payment accounts.
After interviewing hundreds of Uber drivers, Vora, an ex-Salesforce product designer, and Goldstein, Hyperloop's former design lead, decided to build a platform to their specs.
"Businesses face a need to modernize their tech stack," Vora said. "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, aims to automate certain HR tasks while providing hourly staff a self-service app experience. On the back-end, TeamBridge provides templates and workflows for things like onboarding and time-off tracking, while the app — which companies can customize — lets employees view and claim shifts, sign any necessary legal documentation, and text with managers.
Customers can subscribe to TeamBridge's core platform and, for additional fees, add particular 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, said.
Several other vendors are going after the market for gig worker HR software, like Wingspan, Kronos, Deputy, and Homebase. San Francisco-based TeamBridge has impressive traction, however, with 100,000 hourly workers on the platform and corporate clients including Convo and Dairy Queen.
Revenue increased 3x last year — the year after TeamBridge launched — and it more than doubled again in 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 said. "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 next growth phase, TeamBridge closed a $28 million Series B funding round led by Mayfield with participation from General Catalyst and Abstract Ventures, bringing the startup's total raised to $41.5 million. The new cash will be put toward product R&D and doubling TeamBridge's 42-person team over the next year, Vora said.
