Teamflow announced a $35 million Series B round of VC funding for its virtual workplace and collaboration app. This brings its total raised to $49.9 million.
CEO Flo Crivello discussed the funding with WorkTech Founder George LaRocque. In the interview they discussed:
- The Teamflow product and how it works
- Timing of the funding and market conditions during COVID that acclerated Teamflow’s pace of fundraising. (The company launched in July of 2020)
- Fundraising during a pandemic
- Teamflow’s plans for the funding
Teamflow is one of many new work tech solutions that were launched as the global COVID-19 crisis pushed the “back office” workforce into remote work. As employers struggle with the on-again-off-again nature of the “return to the workplace,” it will be interesting to see what adoption looks like for tools like Teamflow.
$7.6 billion was invested globally in work and HR technology during H1 2021, with $4.9 billion in Q2 2021 alone. Get all of the details as a free WorkTech Market Insider in our quarterly report.
Enjoy the discussion!