About Woven Teams
Woven Teams is a company based in Indianapolis (United States) founded in 2017 was acquired by Andela in January 2026.. Woven Teams has raised $17.3 million across 4 funding rounds from investors including Andela, Allos Ventures and High Alpha. The company has 50 employees as of April 08, 2024. Woven Teams has completed 1 acquisition, including Headlight Labs. Woven Teams offers products and services including Technical Assessments and Async Proctoring. Woven Teams operates in a competitive market with competitors including HackerRank, CoCubes, Filtered, Codility and HackerEarth, among others.
- Headquarter Indianapolis, United States
- Employees 50 as on 08 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Woven Teams, Inc.
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$5.44 M (USD)19.76as on Mar 31, 2023
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Net Profit
$-9.47 K (USD)98.23as on Mar 31, 2023
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EBITDA
$741.39 K (USD)2.52as on Mar 31, 2023
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Total Equity Funding
$17.3 M (USD)
in 4 rounds
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Latest Funding Round
$5.87 M (USD), Series A
May 04, 2022
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Investors
Andela
& 3 more
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Employee Count
50
as on Apr 08, 2024
- Investments & Acquisitions
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Acquired by
Andela
(Jan 22, 2026)
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Products & Services of Woven Teams
Woven Teams offers a comprehensive portfolio of products and services, including Technical Assessments and Async Proctoring. 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.
Evaluates engineers' skills through real-world scenarios and feedback.
Detects plagiarism in assessments for hiring integrity.
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Funding Insights of Woven Teams
Woven Teams has successfully raised a total of $17.3M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.87 million completed in May 2022. 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 4
- Last Round Series A — $5.9M
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First Round
First Round
(01 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Woven Teams | Valuation |
investors |
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| Jan, 2022 | Amount | Series A - Woven Teams | Valuation | Allos Ventures | |
| Mar, 2020 | Amount | Seed - Woven Teams | Valuation | High Alpha |
| 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 |
Investors in Woven Teams
Woven Teams has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Andela, Allos Ventures and High Alpha. 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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Venture capital is provided to high-potential tech companies in the Midwest.
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Founded Year | Domain | Location | |
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A venture firm that creates and funds B2B SaaS companies.
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Founded Year | Domain | Location | |
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Early-stage investments are made in diverse sectors by the firm.
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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 Woven Teams
Woven Teams has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Headlight Labs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Candidate screening and talent assessment services are offered.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Woven Teams
| 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 |
Woven Teams Comparisons
Competitors of Woven Teams
Woven Teams 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 HackerRank, CoCubes, Filtered, Codility and HackerEarth, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Technical skills assessments and developer interview solutions are provided.
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| domain | founded_year | HQ Location |
Online assessment solutions are provided for candidates, institutes, and corporates.
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| domain | founded_year | HQ Location |
Candidates are assessed for technical skills through a cloud-based platform.
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| domain | founded_year | HQ Location |
Programming skills of candidates are assessed via automated online challenges.
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| domain | founded_year | HQ Location |
IT recruitment assessments are conducted via a cloud-based platform.
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| domain | founded_year | HQ Location |
Technical skills of engineering candidates are evaluated through cloud-based interviews.
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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 Woven Teams
Frequently Asked Questions about Woven Teams
When was Woven Teams founded?
Woven Teams was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Woven Teams located?
Woven Teams is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Is Woven Teams a funded company?
Woven Teams is a funded company, having raised a total of $17.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.93M, raised on Jun 01, 2019.
How many employees does Woven Teams have?
As of Apr 08, 2024, the latest employee count at Woven Teams is 50.
What is the annual revenue of Woven Teams?
Annual revenue of Woven Teams is $5.44M as on Mar 31, 2023.
What does Woven Teams do?
Woven Teams was founded in 2017 in Indianapolis, United States, as a platform in the HR technology sector. Software is provided to employers for posting job opportunities, scheduling and conducting interviews, and sorting applicants based on technical skills. Operations focus on streamlining recruitment processes through digital tools, with services accessible via the domain woventeams.com.
Who are the top competitors of Woven Teams?
Woven Teams's top competitors include HackerRank, CoCubes and Triplebyte.
What products or services does Woven Teams offer?
Woven Teams offers Technical Assessments and Async Proctoring.
How many acquisitions has Woven Teams made?
Woven Teams has made 1 acquisition, including Headlight Labs.
Who are Woven Teams's investors?
Woven Teams has 4 investors. Key investors include Andela, Allos Ventures, High Alpha, and Elevate Ventures.