Singapore-based Qualee Technology, which offers customizable employee on-boarding and engagement solutions for companies, has raised US$1 MN in funding from Tandem Technology Partners.
Qualee shares that it will use the capital to enhance its product, recruiting, consulting, marketing, and support.
“We are humbled by the success of this fundraising round, particularly during challenges COVID-19 has presented all companies,” said Qualee Co-founder Vipula Samarakoon.
Qualee is an online platform for organizations of all sizes to enhance their engagement and onboarding processes with employees. Using the latest in the cloud and mobile app technology, its proprietary self-service, digital platform automates procedures and provides clients with the ability to securely create employee experiences that measurably improve employer familiarization and engagement.
Its cloud platform, featuring AI and Machine Learning at its core, provides clients with the ability to design customized on/off-boarding and micro-learning journeys, manage multimedia content repositories, meet compliance requirements, and regularly engage staff.
“Qualee was founded on the principle that people are the driving force behind every business,” said Charley Zuidinga, COO of Qualee. “Our mission is to enable companies with a highly secure, self- service application to empower their talent and instill a sense of belonging. Every day.”
Bob Boughner, Managing Partner at Tandem Technology Partners, said: “There is a strong synergy between Qualee and our extensive insights into contingent and mobile workforces across multiple verticals. Many organizations have been forced to furlough staff recently and using Qualee allows employers to remain connected with displaced staff and quickly reinitiate as conditions improve.”
There lies a great opportunity for Qualee as the firm said that new hire retention can be 50 percent lower without a structured onboarding process. Many people just entering the workforce also want better orientation procedures, with 49 percent of millennials expecting smoother onboarding.
The global HR management market is valued at US$16 BN in 2019, and it’s projected to rise at a compound annual growth rate of 11.7 percent through 2027.
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