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PitchBook Analyst Note: Tech Startups Pivot to Help Offices Reopen

Q4 2020

PitchBook Analyst Note: Tech Startups Pivot to Help Offices Reopen

November 9, 2020

As the COVID-19 pandemic continues to necessitate adaptive work environments, more employers are exploring how to create a safe and effective office space for when employees return. Contact-tracing technologies, which identify, assess, and manage people who have been exposed to an infectious disease to break the train of transmission, allow employers to more easily track potential risk from COVID-19 and provide a more comfortable office experience for employees. Some tech startups, including Envoy, Hipla Technologies, and CareValidate, have incorporated contact-tracing solutions into their existing platforms to target this opportunity. In this note, we examine opportunities, hurdles to adoption, and our outlook for the enterprise disease-tracing technology market.