# Contacit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/contacit

- Industry: Software
- Headquarters: New York, US
- Website: www.ubeya.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Jan 23, 2020)
- Investors on record: 4

## About

Contacit LTD provides a specialized workforce management platform tailored for businesses using hourly, temporary, or on-demand staff, facilitating efficient scheduling, payroll, and compliance management.Founded in 2015 in New York, US, Contacit LTD operates a workforce management platform that addresses the needs of organizations with flexible staffing requirements. The company raised USD 3.50 mn in Series A funding in January 2020, led by MoreVC with participation from Cornerstone OnDemand, Inc. and Magma Venture Partners. The CEO, Omri Dekalo, co-founded the company with Yuval Weinbaum.Ubeya offers a comprehensive workforce management platform designed specifically for organizations that utilize hourly, temporary, or on-demand staff. This platform integrates essential functionalities such as scheduling, time tracking, payroll management, and compliance tools into a single interface. The core offering aims to streamline staffing operations, reduce administrative burdens, and enhance communication between managers and workers. By leveraging AI-powered algorithms, Ubeya optimizes shift planning and matches workers to jobs based on their skills, availability, and labor regulations. The platform serves a diverse client base across various industries, including staffing agencies, hospitality, healthcare, events, and logistics, with a focus on global markets such as North America and Europe. End users include event staff, temporary workers, and management teams who benefit from improved operational efficiency and enhanced engagement through the user-friendly mobile app.Ubeya generates revenue through a subscription-based model, primarily targeting businesses that require flexible workforce management solutions. Clients typically subscribe to the platform to access the suite of tools necessary for managing both internal teams and external workers. Pricing structures involve tiered plans that may vary based on the number of users and features utilized, enabling businesses to select options that best suit their operational needs. Revenue transactions occur as clients pay recurring fees for access to Ubeya’s functionalities, which include scheduling, payroll, and compliance management. The platform’s effectiveness in reducing staffing costs and improving operational efficiency is a key selling point, reinforcing the value proposition for companies aiming to optimize their workforce management processes.In January 2020, Contacit LTD raised USD 3.50 mn in Series A funding to support its growth initiatives. The funding will be utilized to enhance existing product features and develop new solutions tailored to the evolving needs of clients. Additionally, the company plans to expand into new geographic markets, with a focus on increasing its presence in North America and Europe by 2023.

## Funding rounds

- Series A, Jan 23, 2020, $3.5M — Magma Venture Partners, MoreVC, Cornerstone OnDemand, Inc.
- Seed, May 1, 2017, $1.3M — Magma Venture Partners, 500 Global

## Investors

- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- MoreVC (https://capitalatlas.ai/funds/morevc) — Series A
- Cornerstone OnDemand, Inc. — Series A