Teamed, a London, UK-based startup focused on ‘work from home’, has just announced a £2.5M Seed round. In conjunction with the funding, CEO Antony Vallee, joined us to replay to our questions about the company, their solution, the raise, and future plans.
FinSMEs: Hi Antony, can you tell us a bit more about yourself? What’s your background?
Antony: I’m a veteran of the global Automotive and Aerospace industries, where I’ve been an executive in these verticals for 18 years, living and working on different continents.
After some active angel investments in London, I became a tech entrepreneur in 2012 and recently successfully exited my first venture.
I come from a modest background in rural France, and I’m from a generation where one needed to go to the capital to have a career. I did just that and hated it.
I created Teamed to fix this problem and democratise access to career opportunities for everyone, wherever they live.
FinSMEs: Let’s speak about Teamed. What is the market problem you want to solve? What is the real opportunity?
Antony: Employing staff in other countries is incredibly challenging. From setting up a legal entity and procuring local professional services, to registering local directors and opening a business bank account. The entire process can be both costly and time-consuming.
Teamed is a global hiring solution that makes it easy and efficient for businesses to hire, pay and take care of a remote workforce. Today our fully distributed team is helping businesses hire top talent across 75+ countries, empowering companies and employees to embrace the benefits and opportunities that come with global employment.
FinSMEs: How does it work? What are the main features?
Antony: At Teamed, we simplify the process of building teams – no where they are in the world. Through our own legal entities and global infrastructure, we stand up and manage all HR, Compliance, Payroll, and Tax matters for remote talent anywhere in the world.
Combining automation and human expertise, we provide employees and employers with the best experience.
FinSMEs: What are the features differentiating the product from competitors?
Antony: Teamed is democratising global employment opportunities by making it easier than ever to hire, pay and fully support a global workforce. We’re building a market-leading experience for employers and employees by combining our unique technology with human expertise.
• 100% compliant. Hire talent anywhere in the world with full compliance guaranteed.
• Speed: Hire and onboard talent within hours, not weeks.
• 100% customer retention. We’re a service-led solution you can count on.
FinSMEs: You just raised a new funding round. Please, tell us more about it.
Antony: Teamed recently closed a seed round at £2.5M, led by Blackfinch Group alongside Nexus Investments and 1818 Venture Capital, enabling Teamed to further develop its service-led software to make global employment easier for companies and top talent.
The investment will empower Teamed to accelerate the development of global operations, advance its unique technology, and fund a recruitment drive for senior roles. In addition, it will allow Teamed to continue to deliver a best in class customer experience and keep the company on track to achieve a predicted five-fold growth in 2023.
FinSMEs: Can you share some numbers and achievements of your business?
Antony: Teamed has achieved 30% month-on-month growth and 100% customer retention with its service-led platform since being founded in 2020. By managing human resources, compliance, and payroll, this growth has enabled Teamed to help more businesses to recruit efficiently from countries where they do not have a physical or legal presence. And in doing so, it allows employers to access, without unnecessary expense or delay, the talent they need, whatever their geographical location.
FinSMEs: What are your medium-term plans?
Antony: We’re changing the world of work. Everyone should have equal career opportunities, no matter where they live. That’s why Teamed’s mission is to enable anyone, anywhere, to access exciting career opportunities, addressing the growing demand for remote working.
In terms of next steps, we look forward to pushing ahead with our plans to accelerate our growth and begin executing our ambitious product roadmap to build a new, more democratic world of work.