- Companies
- TransparentBusiness
TransparentBusiness Valuation, Funding & Investors
TransparentBusiness is valued at $1B as of December 2020.
Last TransparentBusiness valuation
$1B
Pre-seed · Dec 2020
Last TransparentBusiness funding round
$4M
Pre-seed · Apr 2021
Cumulative funding TransparentBusiness raised
$48M
across 8 funding rounds
Key investors in TransparentBusiness
Wayra
Telefónica
About TransparentBusiness
TransparentBusiness is a remote work management platform recognized by Citigroup as the top people management solution. It boosts productivity for distributed teams, prevents overbilling, and offers real-time task tracking and project status visibility. Investors include Telefonica and executives from Morgan Stanley, Merrill Lynch, J.P. Morgan, Bank of America, Goldman Sachs, and others. The platform supports emergency preparedness for global corporations, aiming to define business transparency worldwide from its transparentbusiness.com base.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Dec 2020)
TransparentBusiness Valuation
TransparentBusiness is currently valued at $1B, based on its pre-seed round in December 2020.
TransparentBusiness' valuation has grown 59x from $17M at its seed round in September 2017 to $1B in December 2020, across 6 priced rounds.
TransparentBusiness valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2020 | Pre-seed | $1B |
| Oct 2020 | Pre-seed | $1B |
| Aug 2020 | Pre-seed | $152M |
| May 2020 | Pre-seed | $75M |
| Aug 2018 | Pre-seed | $100M |
| Sep 2017 | Seed | $17M |
TransparentBusiness Funding History
TransparentBusiness has raised a total of $48M across 8 funding rounds.
TransparentBusiness' first fundraising round was a $2M seed round in September 2017. The most recent completed round was a $4M pre-seed round in April 2021.
TransparentBusiness funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2021 | Pre-seed | - | $4M | - | - |
| Dec 2020 | Pre-seed | - | $20M | $1B | TransparentBusiness is a SaaS platform that provides remote workforce management and productivity monitoring solutions for enterprises and freelancers. Founded in 2008 and headquartered in New York, the company helps clients increase freelancer productivity, prevent overbilling, coordinate and monitor their workforce, and gain real-time visibility into task and project costs and status. On October 6, 2020, TransparentBusiness announced it had achieved unicorn status with a $1 billion post-money valuation through its Global Private Offering, pricing shares at $1 per share with one billion authorized shares. The company had raised more than $20 million cumulatively through this offering round. TransparentBusiness was recognized by Citigroup as the top people management solution in its category. The company distinguished itself as the first pink unicorn to overcome gender bias in venture capital financing, as it was co-founded by female co-founder Silvina Moschini alongside Alex Konanykhin. The Board of Directors set an ambitious objective to achieve decacorn status ($10 billion valuation) by the end of 2021. TransparentBusiness owns two operating platforms, SheWorks! (a talent pool connecting professional women with job opportunities) and Yandiki, as part of its broader ecosystem. |
| Oct 2020 | Pre-seed | - | $8M | $1B | TransparentBusiness is a SaaS platform for remote workforce management, designated by Citigroup as the top people management solution, facilitating transparent oversight of remote workers to boost productivity in work-from-home environments. Co-founded by Silvina Moschini and Alex Konanykhin, the company also operates SheWorks!, a talent pool connecting professional women with opportunities, which won the Equals in Tech award in 2019. On October 6, 2020, TransparentBusiness opened a new global private offering at a de-facto post-money valuation of $1 billion ($1 per share with one billion authorized shares), achieving unicorn status as one of 488 such companies worldwide and becoming the first 'pink unicorn' overcoming gender bias in VC funding. The company had raised more than $20 million through this offering by then, with investors including executives from Telefonica, Morgan Stanley, Goldman Sachs, Citigroup, and others. Earlier rounds included a February 2020 raise bringing total funding over $6 million via an Initial Private Offering advertised in major financial media. The board set a goal of $10 billion decahorn valuation by end of 2021, aiming to dominate business transparency and remote workforce management like Zoom and Salesforce. In 2020, TransparentBusiness raised $19,589 thousand across series of funding rounds and acquired 51% of staffing agency ITSQuest in November 2020. |
| Aug 2020 | Pre-seed | - | $5M | - | TransparentBusiness is an enterprise software company offering SaaS platform for remote workforce management, productivity monitoring, task management, and compliance. The company provides workflow automation, integrations with enterprise SaaS ecosystems, and AI analytics for hybrid and remote work insights. Key investors include Wayra and Goldman Sachs. TransparentBusiness raised total funding of approximately $9.13M to $20M across multiple rounds, including Series A rounds in February 2022 ($7.33M) and April 2023 ($1.54M), debt in June 2021 ($346K), and earlier rounds around 2020 such as on February 3, 2020 and May 3, 2020. Sources report valuations of $1B as of October 2020 and $140M associated with the May 2020 round, with unicorn status noted amid COVID tech boom. The company participated in Google for Startups Accelerator and plans enterprise expansion, with latest funding in 2024 ($0.86M unattributed). |
| Aug 2020 | Pre-seed | Telefónica | $2M | $152M | - |
| May 2020 | Pre-seed | Wayra | $5M | $75M | TransparentBusiness raised funding in a round on May 3, 2020, described as undisclosed. The company has completed four funding rounds overall. TransparentBusiness opened a third round of financing on May 4, 2020, having raised $6M across its first two rounds previously. |
| Aug 2018 | Pre-seed | - | $4M | $100M | TransparentBusiness raised a $2 million Seed round in January 2018 at a $100M valuation according to Wellfound. The company, co-founded by Silvina Moschini and Alex Konanykhin, provides a SaaS platform for remote workforce management and transparent business operations. It also owns SheWorks!, a talent platform connecting professional women with jobs. In 2019, TransparentBusiness completed a $4 million Series A at $100M valuation. By October 2020, it opened a new investment round at $1 billion valuation, achieving unicorn status after raising over $20 million through its global private offering. The platform saw increased demand during the COVID-19 pandemic for remote work tools. |
| Sep 2017 | Seed | - | $2M | $17M | - |
Who has invested in TransparentBusiness?
2 investors have backed TransparentBusiness across its funding rounds, including Wayra and Telefónica.
TransparentBusiness Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 TransparentBusiness investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTransparentBusiness Competitors
TransparentBusiness competitors include listed companies like Freee and ATOSS Software, and private ones like Assembled, Awardco, Beamery and Darwinbox.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $42M | - | $1B | - | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x | ||
| Publicly listed | $218M | $84M | $1.7B | 6.4x |
TransparentBusiness Public Comps
TransparentBusiness is still privately-owned, but its public comps include Teamshares, Freee, Nordtech Group, ATOSS Software, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software, DHI Group and TON Strategy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $218M | $84M | 7.0x | 6.4x | 18.2x | 17.1x | |||
| $72M | $13M | 2.5x | 2.4x | 14.1x | 8.9x | |||
| $165M | $2M | 0.3x | 0.3x | 22.3x | 5.2x | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
| $141M | $20M | 2.1x | 1.9x | 15.2x | 8.0x | |||
This data is available for Pro users. Sign up to see all TransparentBusiness competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TransparentBusiness
| When was TransparentBusiness founded? | TransparentBusiness was founded in 2015. |
| Where is TransparentBusiness headquartered? | TransparentBusiness is headquartered in New York City, NY, United States. |
| Is TransparentBusiness publicly listed? | No, TransparentBusiness is a private, VC-backed company. |
| What is TransparentBusiness' valuation? | TransparentBusiness was last valued at $1B in its pre-seed round in December 2020. |
| How much funding has TransparentBusiness raised? | TransparentBusiness has raised $48M across 8 funding rounds. |
| What was TransparentBusiness' last funding round? | TransparentBusiness' last funding round was a $4M pre-seed round in April 2021. |
| Who are TransparentBusiness' investors? | TransparentBusiness' investors include Wayra and Telefónica. |
| Which companies are comparable to TransparentBusiness? | Companies comparable to TransparentBusiness include Assembled, Awardco, Beamery, Darwinbox, Freee and ATOSS Software. |
See companies similar to TransparentBusiness
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




