Country for PR: United States
Contributor: PR Newswire New York
Thursday, February 10 2022 - 01:00
AsiaNet
Enboarder Raises $32 Million in Series B Funding to Expand People Activation Platform
AUSTIN, Texas, Feb. 10, 2022 /PRNewswire-AsiaNet/ --

--Led by NewSpring, investment will support Enboarder's next phase of growth 
and US expansion

Enboarder ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=492666636&u=https%3A%2F%2Fenboarder.com%2F&a=Enboarder 
), the world's only People Activation Platform enabling companies to transform 
their people programs into simple, science-based, human-centric journeys, today 
announced it has raised $32 million in Series B funding, bringing its total 
investment to $50 million. The round was led by NewSpring ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=3750995872&u=https%3A%2F%2Fnewspringcapital.com%2F&a=NewSpring 
), with participation from previous investors, Greycroft ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=2140695372&u=https%3A%2F%2Fwww.greycroft.com%2F&a=Greycroft 
) and Next Coast Ventures ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=3584919195&u=https%3A%2F%2Fwww.nextcoastventures.com%2F&a=Next+Coast+Ventures 
), and new investors Golub Capital ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=1467061196&u=https%3A%2F%2Fgolubcapital.com%2F&a=Golub+Capital 
), Escalate Capital Partner ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=3514347332&u=https%3A%2F%2Fwww.escalatecapital.com%2F&a=Escalate+Capital+Partner 
), Alumni Ventures ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=3223323869&u=https%3A%2F%2Fwww.av.vc%2Ffunds%2Ftriphammer&a=Ventures 
) and Gaingels ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=348591279&u=https%3A%2F%2Fgaingels.com%2F&a=Gaingels 
). 

Logo - https://mma.prnewswire.com/media/1741904/Enboarder_Logo.jpg 

"Enboarder's mission is to help HR teams drive action on their programs and 
initiatives by better engaging with their employees and creating more 
personalized experiences," said Brent Pearson, founder and CEO of Enboarder. 
"In a time when employees are more overwhelmed and disconnected than ever 
before, and uncertainty in hybrid work plans continues, ensuring workers are 
connected and engaged is crucial. This investment will power Enboarder's next 
stage of growth and is critical to helping Enboarder lead the global people 
activation revolution." 

Enboarder will use the new funds to double down on international growth. With 
plans to double its headcount over the next year, Enboarder will also use its 
new capital to invest in additional infrastructure and systems to further 
accelerate its global growth and expansion. 

With NewSpring's investment, Hart Callahan, NewSpring Partner will join 
Enboarder's board as a director. 

"The key to any successful business is a happy, engaged and connected workforce 
and Enboarder ensures organizations can do just this by putting their people 
first," said Callahan. "We're excited to partner with Enboarder at this pivotal 
moment in the company's history and look forward to supporting its continued 
growth and the wider people activation revolution."

This funding announcement comes after a landmark year for Enboarder. In late 
2021, the company expanded its suite of products to become the world's only 
People Activation platform. This broadened Enboarder's offerings beyond 
onboarding in response to current market and workforce demands that created a 
disconnected, overwhelmed workplace. In response, Enboarder created its People 
Activation Platform: a one-of-a-kind platform rooted in behavioral science and 
designed to help employees take action on their company's HR programs and 
initiatives and become more engaged and connected with their colleagues and 
organizations.

Over the past year, Enboarder doubled its revenue and increased its customer 
base by 130%. Now, more than 400 companies -- including Deloitte, Dolby, 
Eventbrite, Hugo Boss, ING, McDonalds, Shopify and Wyndham Destinations -- use 
Enboarder's People Activation platform to revolutionize their HR programs. 
Enboarder also doubled its overall headcount in 2021. 

To support this rapid team and business growth, Enboarder also expanded its 
leadership team ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=1622260404&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fenboarder-welcomes-veteran-hr-executive-laura-lee-gentry-as-chief-people-officer-301435498.html&a=expanded+its+leadership+team 
) with the addition of veteran HR executive Laura Lee Gentry as Chief People 
Officer in December 2021 and seasoned marketing executive Andrea Dumont, who 
joined Enboarder's executive team as Chief Marketing Officer on February 7. 

"Employees are more overwhelmed than ever before and hybrid work environments 
are leading to increasingly disconnected workforces. In fact, Enboarder's own 
research ( 
https://c212.net/c/link/?t=0&l=en&o=3436689-1&h=1826155926&u=https%3A%2F%2Fget.enboarder.com%2Fpa-research-report%2F&a=Enboarder%27s+own+research 
) supports this: in a recent survey of global employees, 69% of the workers we 
surveyed worldwide don't feel a very strong sense of connection to their 
co-workers and 67% would use the phrase 'burnt out' to describe work over the 
past 12 months," said Pearson. "It's clear that HR initiatives are still 
failing to drive change and engagement. Enboarder is poised to help HR teams 
transform their processes and programs to create a more engaged, connected and 
successful workforce during this critical juncture of the future of work. I'm 
looking forward to this next phase of Enboarder's growth and our continued 
leadership of the People Activation Revolution."

For more information on Enboarder, please visit: https://enboarder.com/. 

About Enboarder
Enboarder is the world's only People Activation Platform, designed to inspire 
action and truly engage employees, enabling companies to transform their people 
programs into simple, science-based, human-centric journeys. Whether it's 
onboarding, learning and development, change management, diversity and 
inclusion, or employee transitions, Enboarder has reimagined HR programs to 
create natural sequences that match organizations' people journeys. Enboarder 
didn't just streamline static processes, but has revolutionized them.

Enboarder was designed with humans in mind, putting people and human connection 
at the center of everything it does. Enboarder achieves People Activation with 
science and research-based features designed for action. Companies can now 
reach and receive a response from employees on their terms within the 
organization's timeline.

Global, industry-leading employers including McDonalds, Hugo Boss, ING and 
Eventbrite love Enboarder for its consumer-like end user experiences, 
stakeholder orchestration capability and extreme flexibility.

About NewSpring 
NewSpring partners with the innovators, makers, and operators of 
high-performing companies in dynamic industries to catalyze new growth and 
seize compelling opportunities. The Firm manages over $2.5 billion across five 
distinct strategies covering the spectrum from growth equity and control 
buyouts to mezzanine debt. Having invested in over 180 companies, NewSpring 
brings a wealth of knowledge, experience, and resources to take growing 
companies to the next level and beyond. Partnering with management teams to 
help develop their businesses into market leaders, NewSpring identifies 
opportunities and builds relationships using its network of industry leaders 
and influencers across a wide array of operational areas and industries. To 
learn more, visit www.newspringcapital.com.

Contact: 
EnboarderPR@walkersands.com 

SOURCE: Enboarder