EmployStream lands $7M in new funding to automate recruitment onboarding

February 12, 2020
Share this Post: 

EmployStream, a provider of onboarding automation to the staffing industry, announced the close of its $7 million Series B funding round led by Plymouth Growth Partners, with support from several key investors including JumpStart, Rev1 Ventures, Ohio Innovation Fund and North Coast Angel Fund.

EmployStream will use the capital to expand product development, increase its footprint in the staffing industry and drive innovation of ideas inspired by its rapidly growing customer base.

Founded in 2014 by Rob Sable, the Cleveland, Ohio-based EmployStream is a hiring workflow automation software platform for staffing companies and other high-volume employers. EmployStream offers the best onboarding and candidate experience platform in the staffing industry. Its cloud-based, mobile-first platform makes qualifying, hiring and engaging candidates easy for everyone involved. EmployStream was built to automate and simplify critical touch points throughout the hiring process, eliminating costly mistakes and delays.

“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.”

Gerald Hetrick, Chief Executive Officer, EmployStream

“The EmployStream team has built a powerful, easy-to-use, and candidate-focused onboarding platform for the staffing industry,” added Evan Ufer, Partner, Plymouth Growth Partners, who will also join the company’s board of directors. “We are thrilled to be partnering with EmployStream to help deliver even more value to its loyal customers and continue its rapid growth.”

EmployStream is coming off another strong year of growth in which it began expanding its sales and marketing efforts and 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 high-growth, modern, SaaS company to attract top-tier talent to its Product and Engineering teams.

“This is an important and exciting round of funding for EmployStream,” said Hardik Desai, Senior Investing Partner at JumpStart. “Over the past three years, Gerald and his team have demonstrated focused execution to gain market traction and they are well-positioned for future growth and scale.”

SOURCE EmployStream

February 12, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Adevinta Ebay Final
Timeline of The Adevinta - eBay Classifieds Deal

On Friday, Adevinta announced that its deal to acquire eBay's Classifieds division is finally complete. It's been almost a year...

Read More
Best And Worst June
The Best (and Worst) Portal Content From Around the World: June

Here we go again with another lighthearted look at the content being produced, endorsed or syndicated by property portal companies...

Read More
Rea Pg Deepdive
The REA Group - PropertyGuru Deal: An Online Marketplaces Deep Dive

The news that PropertyGuru has reached an agreement with REA Group to acquire the Australian portal giant’s assets in Malaysia...

Read More
Nyc Portal Wars 1
Battle Lines Drawn in New York Portal Wars as CoStar Circles around Zillow Dominated Market

For a while now it has been no secret that the American commercial real estate giant CoStar is coming for...

Read More

Popular News