Kenjo, one of Europe’s leading HR tech startups, has closed an €8.8 million Series A investment round led by Hi Inov. Lightbird and Innovation Nest also participated in the round, as well as previous investors including Redalpine and The Delta. Wolfgang Krause, Managing Partner of Hi inov, joins the board of Kenjo.
The funding strengthens Kenjo’s position as a market leader in HR software for frontline workers in small and medium-sized companies in sectors such as manufacturing, retail, transport and logistics and healthcare. Kenjo will also focus on increasing its suite of digital solutions to streamline the management of HR departments.
David Padilla, CEO and founder of Kenjo, said: “This funding round will allow us to continue to make progress in our product innovation and solidify also our commitment to supporting HR managers. The fundamental role HR teams play in driving growth and organizations is often overlooked. We believe it is essential that they have the technology and resources they need to be more efficient, thereby improving company culture and employee development.”
This Series A investment will also strengthen Kenjo’s position in Europe, where it has been active since it launched in 2017. Kenjo will continue to solidify its position in the DACH region (Germany, Austria and Switzerland) and the south of Europe. As a next step it will also focus on its expansion into the LATAM region, which started in 2022.
Kenjo offers an all-in-one software designed to reduce administrative tasks in the HR department and to make it easier for companies to comply with labor regulations in various countries. To this end, it offers solutions focused on optimizing the most important HR processes, including time and attendance tracking, holiday and absence management, shift planning, payroll, data analysis and performance evaluations, among others.
Wolfgang Krause, managing partner of Hi Inov, commented: “We are excited to work with the team, are impressed by its achievements so far and are pleased to add Kenjo as our first investment of our new fund Hi Inov 3, which we closed during this summer. This shows our commitment to supporting promising teams in Germany, France and Benelux.”
Kenjo has offices in Madrid, Berlin, Zurich and Mexico City, as well as a client base of more than 1,000 companies with between 20 and 500 employees. Kenjo’s board also includes Julian Teicke, CEO of Wefox and Noor van Boven, Co-founder of Invested and HR expert.
Read the orginal article: https://www.eu-startups.com/2023/09/berlin-based-hr-tech-kenjo-closes-e8-8-million-to-bolster-frontline-workers-in-the-digital-era/
