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

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Kenjo raised one of the biggest HR tech seed rounds in Europe — check out the pitch deck that landed the startup $5.5 million

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.

 

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