HRtech startup Kenjo has raised €5.1 million in a Seed round of funding led by Swiss VC fund Redapline, one of the early investors in fintech unicorn N26. Private investors Julian Teicke, CEO and founder of Wefox, and Maximilian Thayenthal, co-founder and CFO at N26, also joined the round, reports Silicon Canals.
Founded in 2019 by CEO David Padilla and CTO Gonzalo Abruna, Kenjo is an all-in-one cloud-based HR software with features such as attendance and performance tracking, goal setting, managing internal communication, and workflows.
According to Padilla, traditional HR systems and practices are unable to respond efficiently to the challenges the companies faced with now. So Kenjo offers HR teams employee engagement platform with a focus on personal and professional development and improving engagement while working remotely.
“On top of all of this, today’s employees are also more interested in personal and professional development than status and salary, so the current software providers are basically wolves in sheep’s clothing, which is why we built Kenjo and with the employee experience at the heart of our product,” Padilla said.
The raised funds will be spent on product development and market expansion in Germany. In 2021, Kenjo is also planning to expand into Austria, Switzerland, and Spain. The startup aims to deliver a five-fold return on its investment in product and technology.
