Dutch HR startup Talmundo has raised €1.3m for its employee onboarding platform.
The round of investment was led by TIIN Capital, which invested €500,000 in the business a year ago, and featured participation from several angel investors. Based in The Hague, Talmundo is led by Belgian CEO Stijn De Groef and counts a number of large brands and multinationals among its customers, including BNP Paribas, Deloitte, KMPG, and ING.
Its onboarding app, launched in 2014, is a mobile-friendly cloud software which creates a pre-boarding and onboarding experience for employees. Talmundo’s software delivers a ‘seamless onboarding experience’, which helps companies bring people onboard faster, integrate them better, and make everyone’s job easier according to its website.
The new round of capital will be used to strengthen Talmundo’s position in its Benelux home markets, as well as to establish a local presence in the UK and France. It will also further invest in product development such as AI, of which Talmundo’s Onboarding Chatbot is one example, and more advanced enterprise features to continue to support leading global companies.
“Talmundo’s technology fits perfectly within what we’ve experienced firsthand,” says Henk De Boer, partner at TIIN Capital. “It increases satisfaction and ultimately loyalty among employees with a fun and simple solution. Seeing the company’s success after our first investment, it was an easy decision to give the green light for a second funding round.”
With AML and KYC regulations putting the onus on onboarding verification, more than $51.92m was invested into sub-sector last year according to data by RegTech Analyst.
Earlier this year, Signicat, a provider of electronic identity and electronic signature solutions, has secured €1.36m in phase two funding from the EU’s Horizon 2020 programme.
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