People 2.0

Founded in 2001, People 2.0 has long been recognized as the gold standard Employer of Record “EOR”/ Agent of Record “AOR” back office solution provider preferred by leading Staffing and Recruiting companies. Their service offerings—which enable scalable growth and profitability—have since been leveraged by a broad spectrum of businesses in the Human Capital Services market, including, RPOs, online recruitment platforms, MSPs, and Employment Compliance Firms.   People 2.0 has evolved into a full-service Business Process Outsourcing (BPO) company by offering a full spectrum of talent engagement services, including SOW administration, to organizations across the Human Capital Services industry and around the world. Today People 2.0 is the premier global workforce deployment platform as well as the trusted advisor and subject matter expert to clients around the world. They serve and support a global network of clients from their headquarters in suburban Philadelphia, Pennsylvania and their office in Houston, Texas.

<div><p>People 2.0 is a provider of global employer of record (EOR) and agent of record (AOR) services. Its services include onboarding, managing employment risk, payroll, benefits, and compliance. EOR services are developed for the deployment of employees, and AOR services are developed for the deployment of contractors. </p></div>

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

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  <p>
    People 2.0 is a provider of global employer of record (EOR) and agent of record (AOR) services. Its services include onboarding, managing employment risk, payroll, benefits, and compliance. EOR services are developed for the deployment of employees, and AOR services are developed for the deployment of contractors. 
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    People 2.0 is available in more than 40 countries, including the EMEA and APAC regions, and has developed a global employee deployment platform. It operates through its acquisitions of EOR and AOR providers such as Capital GES, TCP, and WePayPeople.  As of July 2019, the company serves more than 2,000 clients.
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    In February 2021, the company announced that it had received a majority investment from TPG Growth. Financial details of the transaction were not disclosed. TPG’s capabilities will help the organization achieve organic growth through flexible employment, cross-border hiring, and strategic M&A. 
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    ActivTrak is a cloud-based productivity monitoring software provider. The platform offers data and analytics which can be used to detect workplace productivity gaps. The platform collects data from employee activity logs and computer screenshots. ActivTrak also facilitates a range of tasks for admins such as blocking websites, flagging suspicious activities, IP address connections, and monitoring web, and app traffic.
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    The company claims it has grown more than 200% since March 2019, with a 60% increase in year-over-year (YoY) annual recurring revenue (ARR) from January 2019 to January 2020. The company operates a subscription model which includes a freemium plan and paid plans starting at USD 7.2 per user per month. As of April 2021 the company has over 8,000 customers and more than 250,000 users on its freemium plan across more than 90 countries.&nbsp;
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    In November 2020, ActivTrak raised USD 50 million in a Series B round led by Sapphire Ventures with participation from Elsewhere Partners. Sapphire Ventures CEO and managing director joined ActivTrak&rsquo;s board as part of the deal. The new proceeds were earmarked for scaling global sales and marketing campaigns, expansion of its platform using artificial intelligence (AI) driven analytics, and improving integration with its technology partners.
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ActivTrak

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    inFeedo is a people predictive analytics company based in India. The Y Combinator-backed startup founded in 2013 is currently focused on &ldquo;Amber&rdquo; (launched in 2016), an artificial intelligence (AI) enabled bot that helps manage employee engagement, predict attrition, and get a pulse on company culture in real time.&nbsp;
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    The company claims it has achieved annual revenue of USD 1.6 million as of November 2020, with more than 175 customers and 300,000+ users across 60 countries as of March 2022. Its clients include GE Healthcare, Puma, Tata Group, and Lenovo.
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    In its latest funding round (
    <a href="https://sp-edge.com/updates/9099">
      <u>March 2022</u>
    </a>
    ). inFeedo raised USD 12 million in Series A funding led by Jungle Ventures, reportedly tripling its valuation from less than 18 months ago. The fresh funds will be used for its second employee stock ownership plan (ESOP) buyback for all employees and its go-to-market activities in North America. In the next two years, the company planned to triple its product line, quadruple revenue, and double its team. As of March 2022, inFeedo was hiring for 140 remote roles across multiple functions in Southeast Asia, India, and the US.
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inFeedo

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    Donut provides solutions to keep employees engaged with casual conversations. Its first product, Intros, makes connections between teammates via Slack to emulate quick meetups and in-person introductions at work, which are now virtual.&nbsp;
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    Donut&rsquo;s new product, Watercooler, launched in October 2020. It attempts to reinvent the micro-interactions between employees at the office watercooler online. The product will integrate with Slack, where a newly-designated channel for Watercooler will be created. The product will post questions automatically within the customers&rsquo; desired frequency and pre-selected topics.
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    The company claims it has supported four million connections (one million since the Covid-19 pandemic) across its 12,000 customers, including companies such as Okta, Zapier, Slack, The New York Times, and Invision.
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    Donut announced a USD 12 million funding round along with its new product, Watercooler. The funding was led by Accel, with participation from Bloomberg Beta, FirstMark, Slack Fund, and multiple angel investors. The company uses a freemium subscription model with paid plans starting at approximately USD 2 per user per month.
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    The company announced that the USD 12 million raised, which was accumulated over multiple rounds before the Covid-19 pandemic, will be used for product development.
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Donut

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    Matter is an employee feedback platform founded by Brett Hellman. Hellman was the founder of messaging app &ldquo;Hall&rdquo;, which was founded in 2011 and later sold to Atlassian for USD 20 million in 2015.
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    Matter uses 360-degree feedback to evaluate skills in employees which are linked to career success. The platform links skills such as influence, inclusiveness, empathy, resourcefulness, and multitasking to evaluations. Matter is currently available in beta.
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Matter

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    Mesh is a Y Combinator-backed company that allows employees to set goals, track tasks, share feedback, and engage in one-on-ones. Its subscription plans start at USD 6 per month per user. As of April 2022, Mesh has served over 1,000 teams across five continents.
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    In its most recent funding round (
    <a href="https://sp-edge.com/updates/9768">
      <u>April 2022</u>
    </a>
    ) Mesh raised USD 11 million in Series A funding led by RTP Global. This followed its USD 5 million seed funding round in 
    <a href="https://sp-edge.com/updates/4375">
      <u>July 2021</u>
    </a>
    . The fresh funds will be used to expand its global footprint across the US and APAC regions. In line with this, the company plans to expand its headcount across the engineering and sales departments.
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Mesh

Solutions in this industry hub are predominantly offered under a B2B SaaS model

Employee and performance management solutions use AI/Ml to infer engagement insights and sentiment analysis

Offers tools for companies to hire contractors globally, and conduct employee and performance management

EoR - Companies that assist businesses in hiring distributed teams globally in compliance with foreign labor laws. EoRs become the legal employer of offshore employees. Solutions include payroll, benefits, and taxes.

PEO - Companies that offer similar services to EoRs but establish a co-employment arrangement with businesses and do not become the legal employer.

People 2.0

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