EmployStream, leading provider of onboarding automation, has closed its $7 million Series B funding round. EmployStream will use the funding to expand product development, increase its footprint in the staffing industry and will invest in its rapidly growing customer base.
Gerald Hetrick, Chief Executive Officer of EmployStream: “There’s an enormous opportunity for intuitive tools in employee onboarding. Our plan is to double down and be the best provider to serve this space. Staffing agencies and other high-volume hirers are increasingly looking for a rich candidate experience and workflow automation. We offer the most complete solution in these areas and plan to significantly expand our platform with this new capital.”
EmployStream is a Software-as-a-Service (SaaS) platform that automates the hiring and onboarding process for employers. It was developed to serve the unique needs and compliance concerns of high-volume employers including temporary and contract staffing companies.
Key leadership roles
Last year, EmployStream grew its client base to nearly 200. The company plans to add key leadership roles in Business Development and Marketing and leverage its reputation as a modern SaaS company to attract top-tier talent to its Product and Engineering teams.