About TSheets
TSheets is a company based in Eagle (United States) founded in 2006 was acquired by Intuit in December 2017.. TSheets has raised $15 million across 1 funding round from investors including Intuit and Summit Partners. The company has 264 employees as of December 31, 2022. TSheets offers products and services including QuickBooks Time, QuickBooks Online, and QuickBooks Payroll. TSheets operates in a competitive market with competitors including When I Work, BigTime, Replicon, Clockwise and Harvest, among others.
- Headquarter Eagle, United States
- Employees 264 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Tsheets.Com, Llc
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Products & Services of TSheets
TSheets offers a comprehensive portfolio of products and services, including QuickBooks Time, QuickBooks Online, and QuickBooks Payroll. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for monitoring employee hours and schedules efficiently.
Platform for managing business finances and invoicing.
Service for processing employee payments and tax calculations.
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Software Development Team
300 people
Product Management Team
159 people
Sales and Marketing
104 people
Leadership Team
80 people
Data Analysis and Operations Team
74 people
Finance and Accounting
57 people
Senior Team
49 people
Human Resources and Administration
38 people
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Funding Insights of TSheets
TSheets has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series A round of $15 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $15.0M
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First Round
First Round
(05 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2015 | Amount | Series A - TSheets | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in TSheets
TSheets has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit and Summit Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Financial and accounting software is developed for businesses and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TSheets
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TSheets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tsheets Comparisons
Competitors of TSheets
TSheets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as When I Work, BigTime, Replicon, Clockwise and Harvest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Employee scheduling and time tracking software
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| domain | founded_year | HQ Location |
Cloud-based time tracking software is offered by BigTime.
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| domain | founded_year | HQ Location |
SaaS-based time tracking and expense management are offered.
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| domain | founded_year | HQ Location |
An AI-powered calendar assistant is provided to automate meeting scheduling.
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| domain | founded_year | HQ Location |
Time tracking and invoicing software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tsheets
Frequently Asked Questions about TSheets
When was TSheets founded?
TSheets was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Where is TSheets located?
TSheets is headquartered in Eagle, United States. It is registered at Eagle, Idaho, United States.
Is TSheets a funded company?
TSheets is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series A of $15M, raised on Oct 05, 2015.
How many employees does TSheets have?
As of Dec 31, 2022, the latest employee count at TSheets is 264.
What does TSheets do?
TSheets provides cloud-based time-tracking software for businesses. It allows users to clock in or out of work from a remote location, and also gives professionals a way to keep track of their billable hours. The app displays a timer in real-time and the server monitors the time elapsed. It has a mobile time tracking with GPS and payroll integration with Quickbooks, Sage, Gusto, and Square. It also offers features for shift creation and employee scheduling. Its pricing is available on a monthly subscription plan.
Who are the top competitors of TSheets?
What products or services does TSheets offer?
TSheets offers QuickBooks Time, QuickBooks Online, and QuickBooks Payroll.
Who are TSheets's investors?
TSheets has 2 investors. Key investors include Intuit, and Summit Partners.
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