# TeamSolve

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

- Industry: Business Support Services
- Headquarters: Singapore
- Website: www.teamsolve.com/
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 1, 2024)
- Investors on record: 2

## About

Based in Singapore, TeamSolve Inc. specializes in digital solutions enhancing operational efficiency within utility and asset management sectors through its advanced platform, the Knowledge Twin™.TeamSolve Inc., founded in 2022 in Singapore, focuses on providing technology solutions for utility and asset management. The company was co-founded by Michael Allen and is currently led by CEO Mudasser Iqbal. TeamSolve has successfully secured USD 2.5 mn in Seed funding from investors SGInnovate and Burnt Island Ventures as part of its initial growth strategy, raising a total of USD 2.5 mn to date. The latest funding round occurred on October 1, 2024, following one previous investment deal.TeamSolve offers a comprehensive platform centered around its flagship product, the Knowledge Twin™, designed to enhance operational efficiency and decision-making for utility and asset management teams across various sectors. The platform integrates advanced AI tools to provide rapid fault diagnosis, real-time diagnostics, and predictive analytics, enabling users to identify root causes and patterns from historical data. It serves a diverse client base, including utility providers, building management teams, and service contractors, facilitating quicker response times to incident alarms and more streamlined maintenance processes. The Knowledge Twin™ supports global markets, with applications in North America, Europe, Asia-Pacific, and more, addressing the critical need for accessible information, automated task management, and operational excellence within these industries.The revenue structure for TeamSolve is primarily driven by B2B transactions, where clients engage through subscription-based models or partnerships to access the Knowledge Twin™ and its suite of services. This business model allows organizations to utilize the platform for ongoing operational support, including access to maintenance records, procedural manuals, and real-time insights for field operations. Transaction structures typically involve contractual agreements outlining service levels and pricing tiers, enabling companies to scale their usage based on specific needs. By facilitating efficient asset maintenance and reducing operational downtime, TeamSolve positions itself as a valuable partner to its clients, contributing to steady revenue generation through continued engagement and reliance on its innovative tools and solutions.In October 2024, TeamSolve Inc. raised USD 2.5 mn in Seed funding from new investors SGInnovate and Burnt Island Ventures. The company plans to utilize this funding to enhance its AI-powered platform, focusing on developing new product features aimed at improving user experience and operational capabilities. Additionally, TeamSolve is exploring expansion into new markets, particularly targeting regions in Europe and Asia-Pacific, with plans for implementation by the end of 2025.

## Funding rounds

- Seed, Oct 1, 2024, $2.5M — SGInnovate, Burnt Island Ventures

## Investors

- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed
- Burnt Island Ventures (https://capitalatlas.ai/funds/burnt-island-ventures) — Seed