B2B SaaS
Q3 202411.07.2024

Future of work & productivity (Q3 2024)

Picture of Miriam Partington

Miriam Partington

at Sifted

We probably all felt, after the pandemic, that the future of work meant working from the beach. Back then, the physical office looked toast. But while hybrid work persists long after lockdowns, we now know reports of the office’s death were greatly exaggerated.

The pandemic brought chaos to the office and opportunity to startups with tools promising to enhance employee engagement, collaboration and productivity. Miro and TeamViewer are just two European companies that have pulled in big VC money. But lately, investors are looking at the “future of work” category with a sceptical eye. VC funding for future of work and productivity startups dropped from its peak of $1.15bn in 2022 to $189m in 2023.

It could be because the future of work hype cycle has ended, like quick commerce or e-bikes before it. Or, companies stopped buying new tools: some over-invested in specialised software, drowning their organisations in tools that didn’t boost productivity, research shows. It could also be because it’s time for a new trend to take hold in the sector. Attention has drifted to generative AI, the new focal point in our relentless pursuit of productivity gains. But companies are dilly-dallying when it comes to using AI. Only 39% of GenAI users have received relevant training from their company — and now workers are taking matters into their own hands. They’ve started bringing their own AI tools to work which has even led to a new acronym (BYOAI; bring your own AI).

20 most promising early-stage startups to watch

  • Flowrite logo

    Sifted score

    7.79
    -

    Flowrite

    AI-powered tool for effective communication.

    • Strong investor(s)
    • Serial founder(s)
    • Year founded

      2020

    • HQ

      Helsinki, Finland

    • Latest round

      Seed
      4m / Nov 2021

    • Total funding

      4.5m

  • Amie logo

    Sifted score

    7.45
    -

    Amie

    Productivity app for efficient scheduling.

    • Strong investor(s)
    • Year founded

      2020

    • HQ

      Berlin, Germany

    • Latest round

      Seed
      6.8m / Jun 2022

    • Total funding

      8.0m

  • 2021.AI logo

    Sifted score

    7.32
    -

    2021.AI

    • Serial founder(s)
    • Hiring
    • Year founded

      2016

    • HQ

      Copenhagen, Denmark

    • Latest round

      Seed
      1.4m / Aug 2020

    • Total funding

      10.4m

  • Carv logo

    Sifted score

    7.03
    -

    Carv

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2023

    • HQ

      Amsterdam, The Netherlands

    • Latest round

      Seed
      9.5m / Jun 2024

    • Total funding

      9.5m

  • tl;dv logo

    Sifted score

    7.01
    -

    tl;dv

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2021

    • HQ

      Cologne, Deutschland

    • Latest round

      Seed
      4.3m / Jun 2022

    • Total funding

      4.6m

Related Briefings

Related articles

Graphcore — bought by SoftBank for $600m+ — made $4m in revenue in 2023

October 4, 2024

Graphcore — bought by SoftBank for $600m+ — made $4m in revenue in 2023

By Kai Nicol-Schwarz
Flying taxi startup Lilium faces insolvency if not able to "immediately" raise more capital 

October 4, 2024

Flying taxi startup Lilium faces insolvency if not able to "immediately" raise more capital 

Lilium 7-seater jettt
By Mimi Billing
The things nobody told me about launching a VC firm: How to set up a fund structure

October 4, 2024

The things nobody told me about launching a VC firm: How to set up a fund structure

By Carmen Alfonso Rico
“You don’t need to burnout in order to succeed”: Key learnings on scaling a European startup at Sifted Summit
Startup LifeAnalysis

October 4, 2024

“You don’t need to burnout in order to succeed”: Key learnings on scaling a European startup at Sifted Summit

Fabio Bin, cofounder and CMO of WeRoad; Corinne Aaron, CMO at Einride; Marni Allen, CMO at Bioniq; Anisah Osman Britten, Sifted's Startup Life reporter on stage at Sifted Summit
By Miriam Partington
12 fastest-growing CEE startup teams
Startup LifeAnalysis

October 4, 2024

12 fastest-growing CEE startup teams

From nano-satellites to autonomous robotaxis, these are the startups whose teams grew the most in the last 12 months

By Zosia Wanat
Pro
'It’s not hard to wire a lot of money to Nvidia': Aleph Alpha’s Jonas Andrulis on the difficulty of making an LLM business work
DeeptechAnalysis

October 3, 2024

'It’s not hard to wire a lot of money to Nvidia': Aleph Alpha’s Jonas Andrulis on the difficulty of making an LLM business work

By Tim Smith
'We have to build a very strong revenue engine': Poolside AI gets ready to release product after a year of secrecy
DeeptechInterview

October 3, 2024

'We have to build a very strong revenue engine': Poolside AI gets ready to release product after a year of secrecy

By Daphné Leprince-Ringuet
“I still think it is the best time ever to be a founder in Europe": Takeaways from Sited Summit's Day One
Startup LifeAnalysis

October 3, 2024

“I still think it is the best time ever to be a founder in Europe": Takeaways from Sited Summit's Day One

By Daphné Leprince-Ringuet
Is European fintech over its hump?
FintechAnalysis

October 3, 2024

Is European fintech over its hump?

By Sadia Nowshin
Eurazeo’s Kurma Partners hits first close of €140m for biotech fund

October 3, 2024

Eurazeo’s Kurma Partners hits first close of €140m for biotech fund

By Kai Nicol-Schwarz
‘A constant stream of complicated things:’ Germany-based founders battle bureaucracy
Startup LifeAnalysis

October 3, 2024

‘A constant stream of complicated things:’ Germany-based founders battle bureaucracy

By Miriam Partington
German autonomous trucking startup Fernride is eyeing defence applications, says cofounder
DeeptechInterview

October 3, 2024

German autonomous trucking startup Fernride is eyeing defence applications, says cofounder

Image of a Fernride truck
By Anne Sraders
5 neurotech & mental health startups raising funds

October 3, 2024

5 neurotech & mental health startups raising funds

Sifted scouted and contacted 78 European early-stage neurotech & mental health startups to discover which are actively fundraising

By Ruggero Di Spigna
Pro
AI startup Poolside raises $500m Series B

October 2, 2024

AI startup Poolside raises $500m Series B

Bain Capital Ventures led the round and was joined by the likes of DST Global and Nvidia

By Daphné Leprince-Ringuet
“I wouldn’t be a CEO founder again”: Anne Boden at the Sifted Summit
Startup LifeInterview

October 2, 2024

“I wouldn’t be a CEO founder again”: Anne Boden at the Sifted Summit

Anne Boden speaking to Amy Lewin on stage at the Sifted Summit 2024
By Amy Lewin
Majority of Northvolt’s government funding has never hit its bank account
Climate TechAnalysis

October 2, 2024

Majority of Northvolt’s government funding has never hit its bank account

By Freya Pratty and Mimi Billing
Pro
Can Germany become a deeptech capital of Europe?
DeeptechAnalysis

October 2, 2024

Can Germany become a deeptech capital of Europe?

By Anne Sraders
From one of Europe’s fastest-growing startups to sustainable growth: how Kilo Health wants to reach €1bn revenue
HealthtechInterview

October 2, 2024

From one of Europe’s fastest-growing startups to sustainable growth: how Kilo Health wants to reach €1bn revenue

Tadas Burgaila, Kilo Health cofounder
By Zosia Wanat
Investors show mixed feelings about Austria’s far-right electoral win

October 1, 2024

Investors show mixed feelings about Austria’s far-right electoral win

Vienna, Austria
By Zosia Wanat and Miriam Partington
UK fintechs scramble ahead of new fraud compensation scheme
FintechAnalysis

October 1, 2024

UK fintechs scramble ahead of new fraud compensation scheme

Nicky Goulimis, Co-Founder, Nova Credit
By Tom Matsuda
Car subscription startup Finn tops Sifted Leaderboard of Germany’s fastest-growing startups

October 1, 2024

Car subscription startup Finn tops Sifted Leaderboard of Germany’s fastest-growing startups

Finn
By Éanna Kelly
AI robots for warehouses: UK-based Dexory raises $80m to scale autonomous tech in US

October 1, 2024

AI robots for warehouses: UK-based Dexory raises $80m to scale autonomous tech in US

By Kai Nicol-Schwarz
Plural backs Oriole Networks in £17.5m round to develop tech to train LLMs 100 times faster

September 30, 2024

Plural backs Oriole Networks in £17.5m round to develop tech to train LLMs 100 times faster

By Kai Nicol-Schwarz
Why this European VC is building up a presence in the US (and why you should too)

September 30, 2024

Why this European VC is building up a presence in the US (and why you should too)

Lorrain de Silva, managing director at BNVC
Sponsored by Best Nights VC