Vee continues cutbacks, laying off 50% of remaining employees
After parting ways with 30% of the team in July, the volunteering platform is cutting its workforce again and will remain with just 17 employees
Israeli startup Vee, which is developing a volunteering platform, has laid off 50% of its workforce in its second round of cutbacks in three months. The company, which laid off 16 of its 50 employees at the end of July, will remain with a total of 17 employees.
Full list of Israeli high-tech layoffs in 2022
Vee raised $12 million in a Seed round in February of this year led by State of Mind Ventures, with participation from noted Israeli VCs Oryzn Capital, Vertex, Viola Ventures, and well-known angel investors including Eynat Guez of Papaya Global, Amir Shevat of Innovation Endeavors, Gil Hirsch of StreamElements, and Guy Shamir of Mivtach Shamir.
Founded in 2020 by 23-year-old entrepreneur May Piamenta (CEO), Gil Amsalem (CTO), and Avi Amor (COO), Vee has raised a total of $13.5 million to date. Its platform hosts a wide range of volunteering opportunities such as food aid, animal welfare, youth mentoring, and environmental initiatives, enabling HR teams to find, coordinate, and share charity events and in effect build a community for giving back inside the company.
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Piamenta confirmed the cutbacks to Calcalist, but insisted that the company has no plans of shutting down. “The company isn’t going anywhere. We serve thousands of non-profit initiatives and we will continue to focus on them and our existing clients.”
