Series B Funding Announcement

Posted in News

Celebrating Enboarder’s latest milestone to accelerate the global People Activation revolution

Author: Brent Pearson

 

At Enboarder, we’re a community that puts people over paperwork.

 

I believe that people are an organization’s greatest superpower and companies should place their employees above all else, including investors, customers and other stakeholders. In 2015, I founded Enboarder because I realized many organizations don’t operate this way and their people and bottom lines suffer because of it. Companies that approach onboarding from a business-centric perspective often fail to set up new hires to do their best work - and we’ve all seen how it hurts the entire organization.

 

At a time when employees are deeply disconnected and the war for talent is fiercer than ever, getting the employee experience right is crucial to retention and well-being. There’s a better way for HR to engage employees and Enboarder is already doing it with our people-first approach and People Activation platform.

 

I am happy to share that Enboarder has raised $32 million in Series B funding. NewSpring led this funding round, with participation from previous investors, Greycroft and Next Coast Ventures, and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures and Gaingels, an investing syndicate for the LGBTQIA+ community and allies that invests in diversity-positive companies. We’re thrilled to welcome our investors into the Enboarder community and celebrate their contributions to the work we’re so passionate about. This financing is a huge milestone for Enboarder as we continue to expand globally and disrupt the HR tech industry.

Fueling our global expansion

Since 2015, more than 400 companies – including Deloitte, Dolby, Eventbrite, Hugo Boss, ING, McDonald’s, Shopify and Wyndham Destinations – have joined the Enboarder community and now use our People Activation platform to create empowering and engaging HR programs. With this new funding, we’re excited to continue helping organizations realize that success is found when you place people at the heart of the business.

 

The best part? We’re only getting started. To keep our momentum going, we'll invest in the following areas:

 

  • Growing our presence and customer base: While our roots are in Australia, we’ve expanded internationally over the past several years, especially in Europe and the United States. We truly believe a human-first philosophy is the solution customers need to succeed. That’s why expanding our community and accelerating the people activation revolution across the globe is a top priority for us in 2022.
  • Implementing new infrastructure and solutions: To further accelerate our growth, we’re investing in additional infrastructure and systems. These new solutions and tools (such as training, enablement and data analytics) will help us continue to scale internationally and build our name as a global leader in HR and people activation solutions.
  • Continually evolving our People Activation platform: Let’s face it, we’ve all felt overwhelmed at work, especially since the start of hybrid work. Unsurprisingly, in November 2021, 67% of employees used the phrase “burnt out” to describe work over the past 12 months. At Enboarder, we saw a need for human connection and engagement. We answered by expanding our solutions beyond onboarding and creating the world’s only People Activation platform, rooted in behavioral science. Adding new capabilities and innovation to the platform will enable us to keep helping you get the best out of your people.
  • Hiring top talent: To power our continued international expansion, we need to identify and hire the right talent to support our growth. In 2021, we doubled our overall headcount and in 2022, our goal is to do the same as we build out our global team of superstar employees. The tireless work of our employees is what fuels Enboarder so we’re dedicated to ensuring a meaningful community for them and workers around the globe.

Looking to our future

This Series B funding is just one of the signs of success we’ve seen as Enboarder leads the global people activation revolution. This journey wouldn’t be possible without the hard work and dedication of our employees and I’m extremely grateful for my team. I’d also like to thank our investment partners - NewSpring, Greycroft, Next Coast Ventures Golub Capital, Escalate Capital Partners, Alumni Ventures and Gaingels - for their role in helping us expand and spreading our human-first philosophy.

 

Our new investment also brings exciting changes to Enboarder’s board and executive team. With NewSpring’s investment, Hart Callahan, NewSpring Partner, will join our board as a director. We’ve also recently expanded our leadership team with the addition of veteran HR executive Laura Lee Gentry as chief people officer in December 2021. And this month, we’re pleased to welcome seasoned marketing executive Andrea Dumont to our executive team as chief marketing officer.

 

At Enboarder, we believe human connection and collaboration are the keys to happier, more engaged and productive employees. Thanks to each of our employees, along with our investment partners, we’re ready to keep improving our technology and make a difference for workers and organizations everywhere.

 

And because they say a video is worth a million words, check out this video to see our exciting journey and the milestones that have shaped us into who we are today.