# Native Teams

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/native-teams

- Industry: Software
- Headquarters: London, UK
- Website: www.nativeteams.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Mar 24, 2022)
- Investors on record: 4

## About

Based in London, UK, and founded in 2020 by CEO Jack Thorogood and Alexandra Mitrevska, N Native Teams Limited operates as a provider of a payment and payroll platform, which facilitates payment, payroll, and insurance breakdown for both employees and employers. In May 2024, Native Teams Limited raised EUR 6.2 million in venture funding from returning investors Eleven Ventures and Fil Rouge Capital, with participation from new investors MFG Invest and Begin Capital Partners. Other unspecified investors also participated in the round. The company provides a digital platform for freelancers, remote workers, as well as their employers or clients to manage their work payments while staying compliant with local laws. The platform offers a wide range of features, including local employment, virtual wallet, payment requests, client invoicing, payment acceptance, freelancer payment gateway, absence management, and more. In addition, the platform includes invoicing documents, employment contracts, expense requests, wallet statements, holiday requests, tax reporting documents, and much more. The company generates revenue from the subscription of its platform packages, which includes payments (USD 190 yearly), remoter (USD 490 yearly), and tax management (USD 690 yearly) for individuals, as well as contractor seat (USD 190 yearly), and employee seat (USD 490 yearly). The company will use the May 2024 funding to support the technological advancement of its platform.

## Funding rounds

- Seed, Mar 24, 2022, $2.3M — Fil Rouge Capital, Quake Capital Partners, Eleven Ventures, Haatch

## Investors

- Fil Rouge Capital (https://capitalatlas.ai/funds/fil-rouge-capital) — Seed
- Quake Capital Partners (https://capitalatlas.ai/funds/quake-capital-partners) — Seed
- Eleven Ventures — Seed
- Haatch (https://capitalatlas.ai/funds/haatch) — Seed