Teamshares is an employee ownership platform for small businesses, driven by proprietary software, education, and financial products. The company's mission is to make employee ownership the future of small businesses by creating $10 billion of new wealth for employees through stock ownership. It achieves this by acquiring traditional small businesses from retiring owners and making them 80% employee-owned within 20 years. Additionally, it provides these companies with new leadership, financial education, equity management software, and financial products. With 90 companies acquired to date, Teamshares is the market leader for small business employee ownership.
The company's approach results in a network of financially durable companies that never have to be sold again, benefiting retiring owners, employee owners, companies, and local economies. Founded in 2019, Teamshares has 140 employees across the U.S. and Canada.
It recently secured a $75.00M Debt Financing investment from Sound Point Capital Management on 01 December 2023. The company operates primarily in the Financial Services, Fintech, Manufacturing, and Retail industries and is headquartered in the United States.