Kenjo: Berlin-based HR tech startup raises $5.5m from VC investors - Business Insider

Berlin-based HR tech startup Kenjo raised a $5.5 million funding round led by N26 backer Redalpine..

"The value proposition for employees didn't exist 10 years ago but the power balance between employee and employer has totally changed," Kenjo cofounder and CEO David Padilla told Business Insider in an interview. "Flexibility, career development, and growth are now key factors." COVID-19 has made well-oiled HR more important than ever as employees increasingly work remotely.

Technology in human resources has traditionally focused on making life easier for administrators rather than employees, according to Kenjo CEO David Padilla. The rise in remote working could lead to employee dissatisfaction if not dealt with, something he hopes to solve with his HR tech startup which has just raised $5.5 million in fresh funding.

"In HR, Covid has meant that remote work comes in which has created new problems around issues like engagement, communication, culture, onboarding, performance, etc," Padilla told Business Insider. "The value proposition for employees didn't exist 10 years ago but the power balance between employee and employer has totally changed. Flexibility, career development, and growth are now key factors.

To that end, Kenjo offers a suite of services to small and medium business across Germany, Spain, and Latin America to help with employee engagement and communication. Kenjo previously raised $1.9 million in seed funding from investors including Wefox CEO Julian Teicke but has now raised what it says is the largest HR tech seed round of the year from N26 backer Redalpine.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A tour inside a 3D-printed home that took one week to build - Business InsiderThis company is building 3-D printed, small homes on existing residential properties to fight back against California's housing shortage. Look inside a unit that was move-in ready in one week.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wayflyer: VC disruptor raises $10 million from QED, investors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ex-Microsoft manager used this pitch to win $17 million for edtech startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A founder wrote a blunt email to an investor when cutting ties - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Merging with Red Hat is turning IBM a faster moving tech giant - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »