Teamshares

Teamshares

Facilitates employee ownership of small businesses

About

Teamshares facilitates employee ownership of small businesses, specifically targeting those whose owners are retiring. The company buys these businesses and gradually transfers ownership to employees, starting with 10% of the stock and increasing to 80% over 20 years. This model helps ensure business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses they acquire and manage, and they also offer proprietary software, education, and financial products. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, supporting both the financial stability of employees and the local economy by preserving valuable businesses. Teamshares stands out by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.

Company Stage

Debt Financing

Employees

51-200

Industries

Fintech, Social Impact

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019


Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares plans to expand into Japan, supported by major financial institutions.
  • The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
  • Increased interest in employee ownership models supports Teamshares' mission and growth.

What critics are saying

  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • Reliance on debt financing could increase financial risk if businesses underperform.

What makes Teamshares unique

  • Teamshares is a market leader in small business employee ownership with 84 acquisitions.
  • The company uniquely transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software, education, and financial products to acquired businesses.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Profit Sharing

Paid Parental Leave

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