Enboarder Raises $32 Million to Expand ‘People Activation’ Solution

Enboarder raised $32 million in Series B funding in a round led by NewSpring. The investment brings the company’s total raised to $50 million.

Also participating in the round were previous investors Greycroft and Next Coast Ventures, along with new investors Golub Capital, Escalate Capital Partners, Alumni Ventures and Gaingels.

Enboarder will use the new funds to “double down” on international growth. The company also plans to double its headcount over the next year, and invest in additional infrastructure and systems. “This investment will power Enboarder’s next stage of growth and is critical to helping Enboarder lead the global people activation revolution,” said founder and CEO Brent Pearson.

Over the past year, Enboarder said it doubled revenue and increased its customer base by 130%. In late 2021, the company broadened its offerings beyond onboarding in response to market and workforce demands regarding the feeling that the workplace had become disconnected and overwhelmed workplace. The company offers solutions for onboarding, L&D, change management, diversity, transitions and remote work. 

The company calls its solution a “people activation platform” that helps employees act on their company’s HR programs and become more connected with their colleagues and companies. It’s used by more than 400 customers including Deloitte, ING, McDonald’s and Wyndham Destinations.

Enboarder’s research has found that employees feel overwhelmed and receive more information through more channels than they ever have before. Collaboration has become increasingly important, especially in the world of remote work, and HR departments worry that their programs and messages aren’t getting through to employees,” he explained. “[Either] the employee base wasn’t reading their communications or they just couldn’t get traction in their programs.”

Activating People

At a time when recruiting and retaining workers is critical, HR’s role has become more visible and important, Pearson told VentureBeat. However, the department is often saddled with “clunky and outdated systems.” Enboarder helps IT build systems “in a way that HR can be in the driver seat. Not only can HR build their own journeys out without the support of IT, but they can also continuously remain agile and easily make changes and scale without relying on IT.”

Although Enboarder’s roots are in onboarding solutions, the company’s evolved with the times. “[We] are more than onboarding now,” Pearson told RecruitingDaily’s William Tincup. “And we’re really trying to show our customers or people that are trying to solve a broader set of problems how our platform … can be used to create these real experience-driven interactions that actually drive change and drive outcomes for them.”

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