Kenjo, a Berlin, Germany-based HRtech startup that offers HR and employee engagement software solutions, has secured €8.8 million in Series A funding.
SaaS Investors
The round was led by Hi Inov, with participation from Lightbird, Innovation Nest, and existing investors Redalpine and The Delta. Kenjo also welcomed Wolfgang Krause, Managing Partner of Hi Inov, as a new board member.
Founded in 2012, Hi Inov is a venture capital investment arm of Dentressangle Initiatives based in Lyon, France. The firm prefers to invest in companies operating in Saas, PaaS, e-services, e-learning, data, logistics, mobility, IoT, and virtual reality sectors.
Kenjo Use of Funds
The funding will support product innovation and the company's expansion, including plans to extend its offerings beyond Europe, with a focus on the LATAM region.
About Kenjo
Kenjo is an all-in-one HR software for managing the workforce of companies in the industrial, service, and commercial sectors, among others. Kenjo offers HR and employee engagement software solutions tailored to the needs of frontline workers in small and medium-sized businesses (SMBs) in sectors like manufacturing, healthcare, logistics, and retail.
Funding Details
Company: Kenjo GmbH
Raised: €8.8M
Round: Series A
Funding Month: September 2023
Lead Investors: Hi Inov
Additional Investors: Lightbird, Innovation Nest, Redalpine, and The Delta
Company Website: https://www.kenjo.io/
Software Category: HR and Employee Engagement Software Solutions
Source: https://tech.eu/2023/09/18/berlin-based-kenjo-8-8m-hrtech-to-latin-america/