EmployStream: $7 Million Funding And Evan Ufer Joins Board

By Amit Chowdhry ● February 11, 2020
  • EmployStream, the leading provider of onboarding automation to the staffing industry, announced it raised $7 million in Series B

EmployStream — the leading provider of onboarding automation to the staffing industry — announced it raised $7 million in Series B funding led by Plymouth Growth Partners with support from several key investors, including JumpStart, Rev1 Ventures, Ohio Innovation Fund, and North Coast Angel Fund.

With this round of funding, EmployStream plans to expand product development, increase its footprint in the staffing industry, and drive innovation of ideas inspired by its rapidly growing customer base.

“There’s an enormous opportunity for intuitive tools in employee onboarding. Our plan is to double down and be the best provider to serve this space. Staffing agencies and other high-volume hirers are increasingly looking for a rich candidate experience and workflow automation. We offer the most complete solution in these areas and plan to significantly expand our platform with this new capital,” said Gerald Hetrick, Chief Executive Officer of EmployStream.

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EmployStream is known for offering the best onboarding and candidate experience platform in the staffing industry. And its cloud-based and mobile-first platform makes qualifying, hiring, and engaging candidates easy for everyone involved. Plus EmployStream was built to automate and simplify critical touchpoints throughout the hiring process, eliminating costly mistakes and delays.

“The EmployStream team has built a powerful, easy-to-use, and candidate-focused onboarding platform for the staffing industry,” added Evan Ufer, Partner at Plymouth Growth Partners — who will also join the company’s board of directors. “We are thrilled to be partnering with EmployStream to help deliver even more value to its loyal customers and continue its rapid growth.

EmployStream saw a strong year of growth in which it began expanding its sales and marketing efforts and grew its client base to nearly 200.  And the company plans to add key leadership roles in Business Development and Marketing and utilize its reputation as a high-growth, modern and SaaS company to attract top-tier talent to its Product and Engineering teams.

“This is an important and exciting round of funding for EmployStream,” explained Hardik Desai, Sr. Partner at JumpStart Inc. “Over the past three years, Gerald and his team have demonstrated focused execution to gain market traction and they are well-positioned for future growth and scale.