EmployStream has had a strong growth year in which it started with customer acquisition and grew its client network to more than 100 customers within a year’s time
EmployStream, an onboarding automation provider to the staffing industry, has announced that it has raised $3.5 million Series A funding round. Reportedly, JumpStart Inc. led the funding round, with the support of investors like North Coast Angel Fund, Rev1 Ventures and Ohio Innovation Fund.
According to the press release of EmployStream, the company has reportedly planned to use the fund in expanding its marketing, product development and sales, to increase company’s footprint in the staffing industry. The funding will speed up growth of the company in staffing industry and expansion to other industries with high turnover challenges and high-volume hiring needs.
Gerald Hetrick, CEO, EmployStream, reportedly said that the funding round will allow the firm to increase capabilities and resources to meet increasing demand from existing customers and market, and to bring its offerings to other industries with similar needs. The support from local community and Ohio Innovation Fund has helped in accelerating that will set the company on a road to success for imaginable future, he further added.
EmployStream has had a strong growth year in which it started with customer acquisition and grew its client network to more than 100 customers within a year’s time. The company focuses on automation of entire onboarding workflow instead of focusing only on documents, which is the reason behind company’s success.
EmployStream has also announced that Jill Raderstorf, partner of Ohio Innovation Fund, is going to join the board of directors of the innovation company.
The mobile-first mentality of EmployStream has helped candidates in accessing and completing onboarding from their phone. The company has integrated with multiple necessary third-party services which has strengthened its position as the most efficient and complete onboarding solution on the market.
For the record, EmployStream, founded in 2014, helps high-volume employers in eliminating costly mistakes, delays and expenses by their innovative hire onboarding process.
