HeyTeam, a SaaS platform for the management of employee workflows in medium and large companies, recently announced the closing of an investment round seeds of 5.1 million euros, complemented by another 5 million euros of debt financing, with the aim of entering the Spanish and Italian market.
The transaction has been led by the Franco-Italian fund 360 Capital Partners and has had the participation of the Spanish firm All Iron Ventures, as well as other expert business angels in human resources technology (HR), such as Axel and Hugo Manoukian ( MoovOne), Jonathan Azoulay (Talent.io), Olivier Severyns (Snaphisft), and Sabina Tommasi (Intel Corporation).
«As the ‘big resignation’ is about to hit a job market that is already strained due to massive recruitment processes and talent shortages, retaining candidates once found will be the challenge of the decade.” explains Nathaniel Philippe, founder and CEO of HeyTeam.
«We are very happy and proud with this new round that will allow us to continue promoting the digital transition at work. The management, trust and support employee relations cannot be sustained without a solid infrastructure and good tools”, Add.
With the capital raised, the French startup will strengthen the technology it uses in its SaaS platform to provide support at key moments, such as onboarding, offboarding and reboarding. In addition, the company plans to double its workforce in the coming months.
Currently, the company supports around 50,000 users through more than 200 medium and large companies present in 70 countries, such as SNCF, Naqaparo (ex Buffalo Grill), Jellysmack, MAIF, Prisma, Octo Technology, Believe Digital, Kiloutou. The objective now is to expand its business model to new markets and, specifically, to start operating with Spanish and Italian companies, as well as with multinationals from other countries that have a presence in these territories.
“We have been following the latest trends in workflow automation and we see a huge opportunity in human resources for a new SaaS platform adapted to the new era to emerge. Nathaniel’s vision captures all these aspects, with a clear problem to be solved in complex and large organizations, and we see the attractiveness what is this value proposition for them»says Hugo Mardomingo, partner and co-director of All Iron Ventures.
«It was the excellence and ease of use of the technology implemented by the HeyTeam team, as well as the exceptional feedback from users, which made us realize why HeyTeam was different. We are delighted to support this innovative company that is defining a new category, People Activation, the cornerstone of large-scale customizable user experience.explains Thomas Nivard of the 360 Capital team.
Technology to retain talent
HeyTeam was founded in 2017 by Nathaniel Philippe with a double objective: to increase the commitment and loyalty of the employees, making their integration into the company take place in the best possible conditions through a significant improvement in the tools used by those responsible for HR, until then static,
transactional and focused on administrative tasks, without communication with employees.
HeyTeam’s SaaS platform is positioned as a tool that facilitates contact and connection at all key moments in the life cycle of workers, offering adapted, personalized and scalable support. The tool, through automated marketing processes, proactively proposes actions that increase the well-being of employees.
For example, at times that require specific support, such as parental leave, moving or salary increases; or in situations that require greater adaptation, such as work-study combinations, internships, part-time work, telecommuting or for people with disabilities. And all this is done with full data security, respecting the General Data Protection Regulation.
