Instant Teams, the remote talent marketplace platform that builds and manages remote teams from 26,000+ database of military-connected, remote-certified workers, has announced it raised a Series A funding round led by Tiger Global. Silicon Valley’s Plug and Play Tech Center and The Veteran’s Fund participated in the round along with several returning investors including Squadra Ventures, Brick Capital Ventures, Blue Tree Fund and Frontier Capital.
Founded in 2016 by military spouses Liza Rodewald and Erica McMannes, Instant Teams currently employs over 500 remote team members across the globe and has seen 346% growth in the last 12 months. Enterprise organizations like Assurance IQ, Amazon, and Walmart, high-growth tech companies like Expensify and Seesaw, and the Department of Defense, partner with Instant Teams for “instant” access to pipelines of remote, skill ready talent in customer support, sales, data analytics and operational support roles.
HR Technology News: Skillsoft and iamtheCODE Announce Strategic Partnership to Enable One Million Young Women and Girls to Learn How to Code by 2030
“We are flipping the talent sourcing model from posting jobs and getting applicants to building streamlined processes with community based pipelines enabling organizations to scale,” said Liza Rodewald, CEO and co-founder of Instant Teams. “Our partnership with Tiger fuels our innovation and leadership in the labor marketplace industry and moves us to become the largest employer and provider of military spouse talent globally.”
Instant Teams’ impact to date:
- Over $17.5 Million in revenue generated for remote employment of military families
- Over $1 Million in state and federal funding for remote workforce development
- 92% of employed workforce consists of those who identify as female
- 52% of employed workforce consists of those who identify as part of a minority group
- Over 1 million hours of remote work generated for the military spouse community since 2017
HR Technology News: National Indian Council on Aging Announces Partnership to Offer GetSetUp Classes in Their SCSEP
“Instant Teams’ ability to scale and generate revenue in the labor market with their innovative technology, while creating daily social impact, is a win-win situation,” said Sam Harland, Partner, Tiger Global. “Liza and Erica are building a unique platform and we’re thrilled to partner with them on the next stage of the journey.”
Fueled by utilization of untapped talent from the military connected community, the growing normalization of remote work on integrated teams, paired with the timely release of their remote team marketplace pipelines, Instant Teams will be driving into 2022 with customer growth, strategic key hires, and community-based initiatives at the helm. The funding will be used to accelerate their marketplace technology, corporate structure, military market share and expansion towards enterprise customers.
HR Technology News: SentryHealth and Wellview Join Forces to Create a Comprehensive, End-To-End, Integrated Employee Health Solution
[To share your insights with us, please write to sghosh@martechseries.com]