Sweden-based Teemyco announced a USD 3.1 million Seed round of venture capital for its virtual office app. This brings its total raised to $4.2 million.
Launched in 2019, Teemyco is one of several work tech startups betting that employees want a portal that has an analog to the physical work environment with floor plans, co-working desks, and virtual chats. Most of these apps are embedding productivity apps and video meeting tech within them. The jury is still out on adoption in the workforce, but we expect to see more of these apps as the market conversation continues to focus on hybrid work models.
$2.7 billion was invested globally in work tech startups during Q1 2021 alone. Subscribe to WorkTech to get the latest updates on recruiting and HR tech trends and global work tech VC investments.