The funding will help Enboarder accelerate its global expansion plans. Here are the top-line bullets you need to know.
Enboarder, an HR tech company, has raised $32M in a Series B. The round drew participation from NewSpring Capital, Greycroft, Next Coast Ventures, and Golub Capital, among others.
HOW’S THE COMPANY PERFORMING?
- Australia-based Enboarder offers a people activation platform that enables HR teams to onboard new hires virtually, oversee change management, and support learning and development.
- The platform caters to over 400 companies and has reportedly seen its customer base grow by 130% over the last year. Some of its customers include Deloitte, Hugo Boss, McDonald’s, Shopify, and Wyndham Destinations.
- In 2021, Enboarder doubled its revenue and increased its headcount to 125.
- Its offices are spread across Austin, London, and Sydney.
Source: Enboarder
WHY DOES THE MARKET MATTER?
- The global human resource technology market is expected to reach a value of $35.7B by 2028, growing at a CAGR of 5.8%, according to Fortune Business Insights.
- The shift to remote work models amid the pandemic has contributed to market growth.
- The integration of AI and analytics technologies with recruitment tools is also driving growth in this market.
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