Enboarder: Elevating the Employee Experience

Transforming employee onboarding into a rich and consistent experience

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Employee turnover is crippling many organizations. In 2021, the voluntary attrition rate hit 67%, the highest of the decade. Burnout, ignored communication, and lack of engagement result in employees looking for new positions or simply abandoning the workforce altogether. As a result, ensuring a rewarding employee experience is now essential, not just a nice-to-have.

Alumni Ventures portfolio company Enboarder addresses this need through an experience-driven people activation platform that transforms employee onboarding into an ongoing, rich, and consistent experience. The company is reimagining traditional HR programs by laying the foundation for engaging company culture and long-term employment. 

Better Onboarding and Beyond

Enboarder was originally launched as a new employee onboarding platform but has since developed to facilitate other functions such as ongoing learning and development, change management, employee transitions, and offboarding. While other solutions strictly address operational processes, Enboarder’s solution is people-centric — focusing primarily on the employee experience. 

Enboarder provides all the tools necessary for organizations to maximize employee engagement, making new hires feel welcome and prepared from the moment they sign their offer letter. Built with modern onboarding software, the features of Enboarder’s platform include:

  • Paperless onboarding
  • Automation, personalization, and integration with other platforms
  • Efficient onboarding process to maximize productivity
  • Mobile-friendly interface to better resonate with younger employees

What We Liked About Enboarder

Large & Impressive Customer Base: Enboarder currently boasts over 400 customers ranging from mid-market to large enterprises, including Canva, Shopify, Eventbrite, Match, Tinder, and Mcdonald’s. 

Seasoned Executive Team: Enboarder’s CEO Brent Pearson has 20 years of experience in the HR technology space in the U.S. and Australia. He was also a VP at SaaS recruitment platform LiveCareer and CTO at executive recruiting firm Morgan & Banks. Together, other key management team members have more than 20 years of experience in HRTech and software expertise — having scaled revenues from $0 to $100 million.

Established Lead Investor: Emboarder’s lead investor is NewSpring Capital, a growth equity investor with $2.5 billion in AUM. NewSpring has been involved with companies such as NuOrder (acquired for $425 million), SparkPost (acquired for $600 million), LiquidHub (acquired for $500 million), and Vacasa (IPO at $4.5 billion).

How We Are Involved

Triphammer Ventures (for the Cornell community) and 116 Street Ventures (for the Columbia community) deployed capital in Enboarder’s $32 million Series B led by NewSpring. Other participating investors include Greycroft, Next Coast Ventures, Golub Capital, Escalata Capital Partner, and Gaingels. 

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Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.