Teamshares is a unique startup that acquires small businesses from retiring owners and transitions them to majority employee ownership. Founded in 2018, the company now owns 84 businesses generating over $400 million in annual revenue across 42 industries and 29 states. Through these acquisitions, Teamshares has created ownership opportunities for over 2,100 employees as of July 2023.
The founders, Michael Brown, Alex Eu, and Kevin Shiiba, bring together prior experience running small businesses, investment banking, and building technology products. To fund its acquisitions, Teamshares has raised $245 million in venture capital from investors including QED, Spark Capital, USV, Khosla Ventures, and Slow Ventures, along with $225 million in debt financing. With this capital, the company aims to expand to 150+ businesses nationally over the coming years.
Teamshares provides employees the chance to gain an ownership stake in the business they work for, along with access to financial education and tailored products like insurance and charge cards. However, the company's ability to consistently increase the value of employee equity stakes remains unproven. Executing acquisitions efficiently at scale is a key challenge, which Teamshares is addressing by leveraging a 70-person technology team to build software and an overall staff of 140 to systematize the acquisition process.
2018
Founded
100-250
Employees
Series D
Stage
$500M-$1B
Latest Valuation
$200-400M
Total Funding
Aug 20 2023
Last Fundraise
Why is the rating
Open Roles
Top Previous Employers
Amazon
Boston Consulting Group
Deloitte
General Assembly
PwC
Investors
Khosla Ventures
OpenAI, Square, Oscar