HR tech company Talmundo has closed a €1.3 million funding round led by TIIN Capital with participation from several angel investors. TIIN Capital is the same VC firm that contributed €500K in the first seed round exactly one year ago.
Founded in 2012 and launched in 2014, The Hague-based Talmundo is headed by Belgian CEO Stijn De Groef. As a first mover in the HR onboarding space within the Benelux region, Talmundo experienced a break-out year in 2017. Over a hundred employers are already using Talmundo’s onboarding solution including multinationals such as Bacardi, ArcelorMittal, Staples and BNP Paribas. More than 26,000 new hires have been onboarded since the launch of the platform.
The €1.3 million round will be used to strengthen Talmundo’s position in its Benelux home markets, as well as to establish a local presence in the UK and France. The company will also further invest in product development such as AI, of which Talmundo’s Onboarding Chatbot is one example, and more advanced enterprise features to continue to support leading global companies.
With this new investment, Talmundo and TIIN Capital confirm that onboarding is kind of trend in the HR sector. Business leaders and HR managers have experienced the impact a smooth, simpler, and more personal onboarding process has on employee retention and productivity.
Henk De Boer, partner at TIIN Capital, stated: “Talmundo’s technology fits perfectly within what we’ve experienced firsthand. It increases satisfaction and ultimately loyalty among employees with a fun and simple solution. Seeing the company’s success after our first investment, it was an easy decision to give the green light for a second funding round.”
Stijn De Groef, Talmundo CEO and co-founder, explains: “Talmundo brings conventional and outdated onboarding processes up to speed with the latest technology, making them easier, more engaging and more professional than ever. We couldn’t be more grateful to TIIN Capital for their continued trust and for helping us further accelerate our business growth, only one year after their first investment.”