Funding round
Teamshares Growth
Reported as "Growth Equity"
Teamshares, which works in SME business succession services in New York, raised an undisclosed amount in a Growth round announced on 2 Aug 2024, led by MPower Partners. 1 firm took part. It is Teamshares' first venture round on record.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Teamshares did not disclose a valuation in this round. It is Teamshares' first venture round on record, 5 years after it was founded in 2019. Teamshares raised again 22 months later: a Growth round of $127M in Jun 2026.
Teamshares' funding rounds
Teamshares has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
MPower Partners led the round.
Lead investor
- backs 10 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
10 Growth rounds in Business Consulting within a year either side disclosed an amount; the median was $125M. The closest in time, other companies' Growth rounds in Business Consulting:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Business Consulting | 17 Jul 2024 | $27M | not disclosed | Blue Earth Capital |
| Arise IIP Business Consulting | 1 Oct 2024 | $443M | not disclosed | not named |
| Business Consulting | 11 Jun 2024 | $120M | not disclosed | BC Partners |
| Business Consulting | 16 Oct 2024 | undisclosed | not disclosed | not named |
| Business Consulting | 13 Nov 2024 | $525M | $3.50B | Warburg Pincus |
| Business Consulting | 9 May 2024 | $250M | not disclosed | Bain Capital |
| Business Consulting | 21 May 2024 | undisclosed | not disclosed | not named |
| Business Consulting | 4 Mar 2024 | $130M | not disclosed | Investcorp and Sanabil |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Teamshares raise in its Growth round?
Teamshares did not disclose the amount of its Growth round, announced in Aug 2024.
Who led Teamshares' Growth round?
MPower Partners led it.
What was Teamshares' valuation at the Growth round?
It was not disclosed.
Did Teamshares raise again after this round?
Yes: a Growth round in Jun 2026 of $127M.