- Sydney, Australia-based HR cloud technology company Enboarder announced it closed $8 million in Series A funding led by Greycroft
Enboarder, a Sydney, Australia-based HR cloud technology company that helps employers engaging employee onboarding experiences, announced it closed $8 million in Series A funding led by existing investor Greycroft. Including this round, Enboarder has now raised $12 million in total funding. New investors Next Coast Ventures and Stage 2 Capital also joined this round.
Traditional onboarding software is typically designed to relieve HR of operational processes, but Enboarder delivers personalized experiences and drives human connection before the new hires even start their role.
“The HR tools that most businesses rely on today were built for a world that no longer exists,” said Enboarder founder and CEO Brent Pearson. “We’re living in an experience era and yet we welcome new hires with a process. Employees have all the power today and place a premium on experience. Employers need to adapt in order to thrive, and that’s what we’re focused on at Enboarder.”
Enboarder was designed with adaptable journeys based on people experience data. And the company delivers intelligent nudges and personalized communications for buddies, managers, leaders, and employees thus enabling businesses to drive change, when and where it matters the most.
“Companies that do not adopt solutions to power an exceptional employee experience will lose the war for talent. Enboarder sits right at the center of this trend with onboarding, which in the traditional form is broken, missing a prime opportunity to make a positive impression on an employee,” added Greycroft principal Will Szczerbiak. “The platform also extends to other parts of the employee journey and enables the experience employees have come to expect. Customers absolutely love it, the team is terrific and has executed flawlessly since we joined the seed in 2018, and we feel strongly that Enboarder will become the category leader of this emerging part of the HR tech stack.”
Enboarder’s Series A funding round comes on the heels of the company’s rapid growth and major customer wins. Ever since Enboarder launched in 2015, more than 200 global companies including EA, Eventbrite, Gap, Hugo Boss, McDonalds, Verizon, Wyndham, and Compass (10,000-employee real estate brokerage firm) for delivering onboarding experiences that boost employee happiness, productivity, and retention.
“Enboarder is changing the way businesses onboard,” explained Thomas Ball — co-founder and managing director of Next Coast Ventures. “Employee expectations are higher than ever and Enboarder is helping companies really own and drive personalized onboarding experiences at scale. We are proud supporters of Enboarder and the experience-driven onboarding revolution they are igniting.”
With this round of funding, Enboarder is planning to double the size of its team and it will go towards building out the sales, marketing, customer success, and product functions.
“Employee happiness is critical in today’s competitive talent market and it starts with onboarding. We’re thrilled about the value Enboarder is bringing to the market and are looking forward to working alongside the team to continue scaling,” noted Stage 2 Capital managing partner Jay Po.
