Teamed, a UK-based HRTech startup focused on ‘work from home’, recently announced that it has raised £2.5M (USD $3.6 million) in a seed round led by Blackfinch Group alongside Nexus Investments and 1818 Venture Capital. With this new fundraising, the company plans to accelerate the development of global operations, advance its technology, and fund a recruitment drive for senior roles.
Founded in 2020 by Antony Vallee and Kieran Denshi, Teamed equalises employment opportunities offering global employees, regardless of their location, access to exciting careers, as well as the security and protection of a contract of employment they deserve. The technology also enables employers to access the best talent anywhere in the world without worrying about compliance, legal issues, human resources, and payroll and without needing to set up costly subsidiaries.
Teamed is on a mission to give talented workers access to better careers, regardless of their location, and give employers a simplified international recruitment process.
Speaking about the company, Founder & CEO of Teamed, Antony Vallee said:
We passionately believe that everyone should have access to exciting career opportunities, no matter their geographical location or background and that no one should have to sacrifice their careers because of where they live. Our service-led approach has enabled us to secure a foothold in the remote working market, which is exploding right now and will continue to do so in the years ahead.
Vallee further added:
We also believe organizations should not be held back from hiring the right talent based on their geographic foundations. Our hyper-local approach means we can remove many of the barriers that have existed in the past and democratize employment opportunities across continents like Africa.
To date, the firm has achieved an impressive 100% customer retention and has gained a strong foothold in this market – which is expected to grow tenfold in the next five to ten years.
Commenting on the investment, Ventures Director, Blackfinch, Dr Reuben Wilcock, said:
Teamed has a strong management team, led by an experienced founder with deep domain expertise. Over the past year, it has expanded operations globally, making a real impact in countries where employment opportunities are lacking, and posted impressive 10x annual recurring revenue growth. In doing so, it has secured a tenfold growth in its customer base, bringing on board clients who have been disappointed with the service received from technology-focused players in the market. Based on the positive early traction and the significant rise in remote employment, we feel that through this latest investment, Teamed is perfectly poised to expand and gain a sizable market share in the $25bn payroll and outsource HR solutions market.
In the near future, Teamed wants to double down on the global opportunity of remote working by tailoring a “hyper-local” approach to connecting up workforces overseas.
