TeamOut Analysis: $2M Raised
What is TeamOut?
TeamOut plans corporate retreats, offsites, and team events through a mix of human trip designers and software tools. The company says it was founded in 2021 and has supported more than 500 corporate retreats, with 95% of clients planning to return. Its platform includes venue sourcing, quote management, itinerary building, transportation coordination, and TeamOut AI for venue matching and rate negotiation.
Location
2261 Market Street, STE 22675, San Francisco, CA 94114, United States
Employees
11-50
Founded
2021
Revenue
$0-5M
Investors
- Y Combinator
- Super Capital
- Louva Invest
Product Features & Capabilities
- Venue sourcing, retreat planning, company parties, small group planning, retreat packages, budget guidance, customized venue selection, exclusive deals, 24h quote service, self-service or full concierge options.
Pricing
- Pricing for corporate retreats typically ranges from $200 to $700 per person per night.
- European corporate retreat centers generally cost between $210 to $400 per person per night.
- US corporate retreat centers typically range from $350 to $700 per person per night.
How much TeamOut raised
Seed Round - $2,200,000
April 1, 2022Lead Investor: FundersClub and 3 other investors
Who are the founders of TeamOut
TM
VA
vincent albouy
Co-Founder / CPO / CTO
HQ Full Address
2261 Market Street, STE 22675, San Francisco, CA 94114, United States
Market Focus
TeamOut primarily focuses on the corporate events and team building industry, specializing in planning corporate retreats and managing event logistics to enhance team productivity.
Business Model
Charges venue vendors while providing corporate retreat planning services to clients.
Competitors Overview
TeamOut operates in the corporate retreat and team-building market, facing competition from several notable companies:
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Naboo:
- Overview: Naboo offers a comprehensive platform for corporate event planning, including venue booking, catering, and transportation. Their focus is on creating memorable corporate events and seminars.
- Advantages: Naboo simplifies the event planning process with a unified platform that allows for easy booking and management of all aspects of corporate events. They emphasize customization and flexibility in their offerings.
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NextRetreat:
- Overview: NextRetreat specializes in organizing company retreats and team offsites, providing planning tools and expert support for in-person meetups.
- Advantages: They offer a user-friendly app that streamlines the planning process, making it easier for teams to coordinate retreats. NextRetreat focuses on creating transformative experiences that enhance team dynamics and employee satisfaction.
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Retreat:
- Overview: While specific details about Retreat were not retrieved, it is known to be a competitor in the corporate retreat space, likely offering similar services focused on team-building and event planning.
- Advantages: Competitors like Retreat often differentiate themselves through unique venue partnerships or specialized team-building activities.
Notable differences include Naboo's emphasis on a comprehensive event management platform and NextRetreat's focus on technology-driven planning solutions, which may provide them with advantages in efficiency and user experience compared to TeamOut.
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