TDR Capital is a private equity firm that invest in medium-sized, European businesses and partners with them to develop and grow their operations. It engages in constant research to identify companies that could be transformed through strategic and operational focus. TDR Capital was founded in 2002 by Manjit Dale and Stephen Robertson. It is headquartered in London, England.

TDR Capital

Sands Capital is an active, long-term investor in innovative growth businesses. The approach combines rigorous fundamental analysis with inspired thinking to seek out businesses that are creating the future. They operate through two affiliates: Sands Capital Management, which focuses on investing in companies in the public market, and Sands Capital Ventures, which focuses on investing in companies in the private market. By enabling clients to participate in the growth of these businesses, its mission is to add value and enhance their wealth with prudence over time.

Sands Capital Ventures

Actively seeking private investment opportunities with a permanent equity capital base.

Wincove

Vista Credit Partners is a financing partner to enterprise software, data, and technology-enabled businesses. The Vista platform produces opportunity and long-term value for companies, investors, and communities.

Vista Credit Partners

G-P/Globalization Partners

ConfirmU is a data analytics startup specializing in alternative credit scoring services for lenders. Their product is a platform that features seamless integration to lenders thus enabling a smooth and transparent analysis with a more accurate final score. Its solution is based on psycho-linguistic profiling in more than 20 languages, enabled through a chatbot or voice conversation using speech-to-text and machine learning technologies.

Boltay Huroof is a braille conversion software, which will convert English, Arabic, Urdu, Sindhi, and other regional languages to braille.

Oditly is a digital platform for conducting audits and inspections, that aims to replicate and digitize existing processes and workflows, automating the management of product quality, workplace environment, and health and safety operations.

Bluente is a mobile app that specializes in helping users pick up professional-level Mandarin. It does this through a variety of methods, including using flashcards with business terms, offering a question bank of 2,000 practice questions, and hosting role-plays of business scenarios.

Surplus Indonesia provides a marketplace for secondary products. The platform allows merchants like hotels and farms to sell their excess stock to those who want to buy them.

Wakalu is aiming to solve this problem with its earned salary access solution, which allows employees to withdraw their earned wages at any time instead of having to wait till payday.

Globalization Partners’ Global Expansion Platform™ enables you to hire in more than 150 countries within days, and without the need to set up costly foreign subsidiaries. You identify great talent anywhere in the world, and we put them on our fully compliant global payroll - lifting the burden of global corporate tax, legal, and HR matters from your shoulders to ours. Whether it’s to test a new market or expand your talent pool, Globalization Partners is the most trustworthy solution in the market. We have dual U.S. headquarters to serve you in Boston and San Diego, and regional hub offices located worldwide in Germany, the UAE, India, Brazil, Mexico, Singapore, and the UK. Globalization Partners is also the only global employer of record that is Privacy Shield certified for HR Data. To find out more, please visit https://www.globalization-partners.com.

<div>Globalization Partners (GP) is a global employer of record (EoR) which allows businesses to employ from over 185 countries globally.  Using its “Global Expansion Platform”, GP takes on the administrative burden to offer global payroll, benefits, and compliance. This means that businesses do not need to set up a local entity. The company has headquarters in Boston and San Diego with regional offices in the UK, Germany, Brazil, and India among others. The platform is available in over 185 countries.</div>

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

Remote Work Infrastructure

Globalization Partners

<div>
 
 Globalization Partners (GP) is a global employer of record (EoR) which allows businesses to employ from over 185 countries globally.  Using its “Global Expansion Platform”, GP takes on the administrative burden to offer global payroll, benefits, and compliance. This means that businesses do not need to set up a local entity. The company has headquarters in Boston and San Diego with regional offices in the UK, Germany, Brazil, and India among others. The platform is available in over 185 countries.
 
 
 The company reported that it onboards 100 clients every quarter in 2019 and expects that to triple by the end of 2020 to generate USD 500 million in revenue for the year. Globalization Partners’ new customer acquisition increased 2.5 times year-over-year during 2021, and by 44% quarter-over-quarter during Q4 FY2021.
 
 
 In its most recent funding round in January 2022, Globalization Partners raised  USD 200 million in funding from Vista Credit Partners in 
 <a href="https://sp-edge.com/updates/8008">
 January 2022
 </a>
 , valuing the company at USD 4.2 billion, a significant step up from the USD 500 million valuation during its previous USD 150 million funding round in February 2020. The funds from the latest round will be used to continue expanding Globalization Partners’ market share in the global remote employment market. 
 
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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, although it does not log keystrokes or record video of a user’s screen. 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.Other features offered include productivity reports and coaching, headcount and workload management and personal insights. In November 2023, the company added capabilities to measure the usage of AI tools, automatically detecting and classifying the use of such tools and websites to help organizations manage and improve AI adoption across the workforce.Activtrak generates revenue via monthly subscriptions (USD 10 and USD 17) per user, and custom pricing for larger enterprises.Key customers and partnershipsAs of April 2024, over 9,500 enterprises used ActivTrak’s platform, notably including Allstate, asembia and Nobu. ActivTrak closed 2023 with a 40% growth in its customer base (adding ~2,200 customers).Funding and financialsIn November 2020, ActivTrak raised USD 50 million in a Series B round led by Sapphire Ventures. Sapphire Ventures CEO and managing director joined ActivTrak’s board as part of the deal. The new proceeds were earmarked for scaling global sales and marketing campaigns, expansion of its platform using AI driven analytics, and improving integration with its technology partners.

ActivTrak

<div>
 
 inFeedo is a people predictive analytics company based in India. The Y Combinator-backed startup founded in 2013 is currently focused on “Amber” (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. 
 
 
 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.
 
 
 In its latest funding round (
 <a href="https://sp-edge.com/updates/9099">
 March 2022
 </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.
 
</div>

inFeedo

<div>
 
 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. 
 
 
 Donut’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’ desired frequency and pre-selected topics.
 
 
 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.
 
 
 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.
 
 
 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

<div>
 
 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.
 
 
 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

<div>
 
 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.
 
 
 In its most recent funding round (
 <a href="https://sp-edge.com/updates/9768">
 April 2022
 </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">
 July 2021
 </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.
 
</div>

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.

Globalization Partners

Remote Work Infrastructure

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Globalization Partners raises USD 200 million; brings valuation to USD 4.2 billion

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