Teamshares is a U.S.-based startup founded in 2019 that operates an employee-ownership succession model for small businesses. The company acquires small businesses from retiring owners and facilitates ownership transfers to employees while providing business support services such as digital software implementation. Its model emphasizes gradually transferring capital to employees rather than selling equity to third parties, aiming to preserve management style and corporate culture. To date, Teamshares has acquired 90 companies across 42 industries in the U.S. The model targets the shortage of successors at baby-boomer-owned small businesses. The article does not disclose revenue or other financial metrics beyond acquisition counts. Teamshares is an employee ownership platform for small businesses that purchases traditional firms from retiring owners and transitions them to 80% employee ownership within 20 years. The company provides new leadership, financial education, equity-management software, and other specialized financial products to support employee-owned companies. In 2023 Teamshares launched four network-exclusive products: a neobank, charge cards, business insurance, and health insurance, and it cites proprietary software as a differentiator. Teamshares has acquired 89 small businesses to date, representing more than 2,500 employee owners, and employs 140 people across the U.S. and Canada. The company says recent financing will enable expansion from 89 to 150+ businesses while it continues building financial and employee-ownership products. Founded in 2019, Teamshares aims to scale employee ownership and create $10 billion in new stock wealth for wage workers. Teamshares operates a business-succession service aimed at small and mid-sized enterprises. The company is described in the article as helping with ownership transition for smaller businesses. It is headquartered in New York City. The article lists co‑founders Michael Brown and Alex Yu and also names a co‑founder shown as 椎葉・ケビン・力雄. Teamshares recently attracted external growth capital, indicating a focus on scaling its core succession business. The announcement does not disclose operating metrics or detailed financials in the article. Teamshares operates an employee-ownership platform for small businesses, combining proprietary software, financial products, and educational services to transition firms to employee ownership. The company buys traditional small businesses from retiring owners and targets making them 80% employee-owned within 20 years, while supplying new leadership and equity-management tools. Teamshares says the companies will be permanently owned by employee shareholders and Teamshares and need not be sold again. It has brought employee ownership to 84 small businesses, creating 2,100 new employee owners across 29 states and 42 industries, and employs 140 people across the U.S. and Canada. The company was founded in 2019 and is led by CEO Michael Sutherland Brown. Teamshares raised a cumulative $245M in previously unannounced equity from venture capital firms to support growth and product work.

Total raised

$199M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Feb 2024