Enboarder, the people activation platform announced that it has raised US$32 million in Series B funding, bringing its total investment to US$50 million.
The funding round was led by NewSpring, and previous investors like Greycroft and Next Coast Ventures, and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures and Gaingels also participated.
“Enboarder’s mission is to help HR teams drive action on their programs and initiatives by better engaging with their employees and creating more personalised experiences. In a time when employees are more overwhelmed and disconnected than ever before, and uncertainty in hybrid work plans continues, ensuring workers are connected and engaged is crucial. This investment will power Enboarder’s next stage of growth and is critical to helping Enboarder lead the global people activation revolution.”Brent Pearson, Founder and CEO, Enboarder
Enboarder plans to use the new capital to expand internationally. Enboarder will utilize its new money to invest in more infrastructure and systems to further accelerate its worldwide development and expansion, with ambitions to double its personnel over the next year.
“The key to any successful business is a happy, engaged and connected workforce and Enboarder ensures organisations can do just this by putting their people first. We’re excited to partner with Enboarder at this pivotal moment in the company’s history and look forward to supporting its continued growth and the wider people activation revolution.”Hart Callahan, NewSpring Partner
Enboarder’s revenue has doubled in the last year, and its customer base has grown by 130 percent. More than 400 firms already use Enboarder’s people activation platform to revolutionise their HR operations, including Deloitte, Dolby, Eventbrite, Hugo Boss, ING, McDonalds, Shopify, and Wyndham Destinations. In 2021, Enboarder increased its entire headcount.
“Employees are more overwhelmed than ever before and hybrid work environments are leading to increasingly disconnected workforces. In fact, Enboarder’s own research supports this: in a recent survey of global employees, 69% of the workers we surveyed worldwide don’t feel a very strong sense of connection to their co-workers and 67% would use the phrase ‘burnt out’ to describe work over the past 12 months. It’s clear that HR initiatives are still failing to drive change and engagement. Enboarder is poised to help HR teams transform their processes and programs to create a more engaged, connected and successful workforce during this critical juncture of the future of work. I’m looking forward to this next phase of Enboarder’s growth and our continued leadership of the people activation revolution.”Brent Pearson, Founder and CEO, Enboarder
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