TransparentBusiness stands in "unicorn" and plans to go out on the stock exchange in 2021


New York, 6 Oct (EFE).- Remote work management firm TransparentBusiness, founded and chaired by Argentine businesswoman Silvina Moschini, has become a "unicorn" with a private valuation of $1 billion and plans to go public in the fourth quarter of 2021, a spokeswoman told Efe.
TransparentBusiness, which Moschini created in 2012, has grown with the "technological boom that led to the COVID-19 pandemic" in recent months and this Tuesday opened a round of investment that takes it to a "de facto" valuation of 1 billion, placing it as a "unicorn" alongside 488 other companies around the world.
"COVID-19 caused a Big Bang-like explosion for remote work management solutions. With half the planet confined to their homes, billions of companies were forced to implement models that allow them to efficiently and verifiably manage their distributed workers," Moschini said.
Its SaaS platform ("Software as a service") uses cloud technology to facilitate the management and coordination of geographically distributed work teams and joins other firms that have multiplied their market value during the pandemic, such as the Zoom video call application.
TransparentBusiness is now "on its way" to a stock market debut on the New York Stock Exchange in the fourth quarter of 2021, when it estimates it will have a $10 billion valuation, according to its founder, who highlighted the importance of this milestone for a company led for a woman.
"We take a different approach to the traditional approach because being a female founder, we know that only 2.2% of venture capital goes to women-led companies. As they say in English, "We skirt the rules," we doubled the rules without breaking them and made a private global offer," he revealed, about his capital raising plan.
This global private offering raised more than $20 million and made the firm the "first pink unicorn to 'hack' venture capitalists' financing against statistics," which estimate that just 0.4% of venture capital funds are earmarked for 'startups' led by Latin American women.
"Through this financing alternative we were able to overcome the 'bias' (bias) of investment funds and also create an army of brand ambassadors who today are allowing us to reach markets far away over the Internet and be able to bring our solution to the world more efficiently," Moschini added.
Argentine businessman, who leads TransparentBusiness with CEO and co-founder Alex Konanykhin, noted that one of the keys to the business is "social impact," so she donated software to the U.S., China and Latin America when the pandemic broke out and developed CloudWorking Academy, an entrepreneur aid program.
TransparentBusiness enables talent hiring through SheWorks!, a platform that connects professional women with job opportunities and received the Equals In Tech Award in 2019, with which the United Nations recognizes innovative projects focused on narrowing the gender gap through technology.

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