investment-going-up

Enboarder has closed a £6.3m Series A funding round.

Greycroft was the lead investor in the latest round which brings Enboarder’s total funding to £9.45m, with Next Coast Ventures and Stage 2 Capital also participating.

Enboarder is planning to double the size of its team in the next 12 months, with the Series A investment going towards building out several of the company’s functions.

Enboarder delivers onboarding software which was designed for adaptable journeys based on people experience data.

Since launching in 2015, companies such as McDonald’s, Hugo Boss and EA Games have used the platform to deliver onboarding experiences.

Brent Pearson, CEO and Founder of Enboarder, said: “The HR tools that most businesses rely on today were built for a world that no longer exists.

“We’re living in an experience era and yet we welcome new hires with an antiquated 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.”

Will Szczerbiak, Principal at Greycroft, added: “Companies that do not adopt solutions to power an exceptional employee experience will lose the war for talent.

“Enboarder sits right at the centre of this trend with onboarding, which in the traditional form is broken, missing a prime opportunity to make a positive impression on an employee.

“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 is planning to double the size of its team in the next 12 months, with the Series A investment going towards building out the company’s sales, marketing, customer success and product functions.