Enboarder on Wednesday announced it has raised $32 million in additional funding.
NewSpring led the Series B round with participation from previous investors Greycroft and Next Coast Ventures and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures, and Gaingels.
In June of 2019, Enboarder raised $8 million and made Austin its U.S. headquarters. The company, founded in 2015, is based in Sydney, Australia.
“Enboarder’s mission is to help HR teams drive action on their programs and initiatives by better engaging with their employees and creating more personalized experiences,” Brent Pearson, founder and CEO of Enboarder, said in a news release. “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.”
Enboarder plans to use the new funds for international expansion. It also plans to double its staff in the next year and invest in additional infrastructure and systems to accelerate its growth and expansion.
“The key to any successful business is a happy, engaged and connected workforce and Enboarder ensures organizations can do just this by putting their people first,” Hart Callahan, NewSpring Partner, said in a news release. “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.”
Last year, Enboarder also created a new platform aimed at engaging employees in the workplace. The company also reported it doubled its revenue and increased its customer base by 130 percent. Its customers include more than 400 companies including Deloitte, Dolby, Eventbrite, Hugo Boss, ING, McDonald’s, Shopify, and Wyndham Destinations, Enboarder also doubled its staff in 2021.
The company also recently hired Laura Lee Gentry as Chief People Officer and Andrea Dumont as Chief Marketing Officer.
“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,” said Pearson. “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.”
