TransparentBusiness Opens a Global Private Offering to Small Investors Raising $325M to Make Remote Work Efficient and Transparent
Four billion people have been ordered to stay home due to the coronavirus pandemic and executives around the world are discovering that managing remote workers blindly is as tricky as conducting an orchestra without seeing or hearing the musicians. Never before has a market so large appeared so fast.
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TransparentBusiness offers a solution. It’s robust, acclaimed, and infinitely scalable. Designated by Citigroup as the Top People Management Solution, TransparentBusiness makes remote work visible to clients and managers and boosts the productivity of remote work by resolving its principal challenges: Trust, Engagement, and Accountability.
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“Our objective is to make TransparentBusiness synonymous with the category of remote workforce management, globally,” said Alex Konanykhin, the CEO of the Company. “More importantly, we aim at resolving the most acute business problem in the world, facilitating the continued and efficient operation of businesses around the world during the pandemic and afterwards.”
To scale up fast, TransparentBusiness will open its third round of financing on May 4th, 2020. The company has raised $6M in its first two rounds and it limited the third round to five million shares at $2/share, or $10 million. For the first time, TransparentBusiness opens access to its equity to small investors: while the minimum investment was set at $50,000 in the preceding rounds, in the third round it’s lowered to the much more inclusive $5,000.
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