EmployStream, the HR tech firm that enables the staffing industry to automate the onboarding process, closed its Series A round of funding by raising $3.5 Mn with JumpStart Inc. being the key investor. Other investors include Ohio Innovation Fund, North Coast Angel Fun and Rev1 Ventures.
The firm plans to use the funding from this round to enhance its growth in the staffind industry in addition to targeting sectors with high-volume hiring requirements and challenges of high turnovers. Moreover, the capital will be used to expand the company’s footprint in the staffing industry, accelerate its product development, marketing and sales drives.
“This round of investment allows us to add the resources and capabilities we need to meet the rapidly growing demand from the customers and markets we currently serve, as well as bring our offerings to other market segments with similar needs,” said Gerald Hetrick, Chief Executive Officer of EmployStream.
The company has also added a member to their board of directors. Jill Raderstorf will join EmployStream’s board of directors. As a mobile-first company, EmployStream enables candidates to start and end their onboarding experience right from their phones.
EmployStream integrates with third-party services as well as a part of its business model to become a robust onboarding solution in the staffing industry.