HR Startup Employee Cycle Lands $2.5 million Seed Round
Human resources startup Employee Cycle closed a $2.5M seed round earlier this week. The company is focusing on the development and launch of its Employee Data Platform, used for automating HR reporting. Additionally, the proceeds will be used to shore up the sales, marketing, and engineering departments.
The seed round was led by Impellent Ventures with participation from Collab Capital, Converge VC, along with other angel investors.
“We always hear that employees are a company’s greatest asset, but with most organizations having employee data spread across multiple HR systems, they end up knowing very little about the people who work for them. To solve this problem, we’re empowering companies to transform their disconnected employee data into centralized workforce insights, to make smarter and more data-driven workforce decisions,” said Employee Cycle Chief Executive Officer Bruce Marable. “The support from customers, integration partners, and a diverse coalition of investors and industry leaders is validation of our model, and an opportunity to help organizations better anticipate the needs of employees.”
The company’s dashboard integrates nearly three dozen HR software systems allowing intuitive and near-real-time analysis of workforce areas like headcount, recruiting, turnover, retention, and more — marrying disparate data into a user-friendly HR dashboard.
Employee Cycle is a graduate of Comcast NBCUniversal’s Lift Lab Accelerator Powered by Techstars.
This article first appeared on SeedWeek.