- Kenjo raises €1.7million seed round to launch software that helps HR teams manage teams working remotely.
- Seed round was led by Julian Teicke, ceo of insurtech, wefox Group, and Maximilian Tayenthal, co-founder and chief financial officer of N26, who are spearheading two of Europe’s latest unicorns respectively.
- Kenjo helps SMEs to simplify and enhance their HR process by bringing everything into one place.
Berlin-based start-up, Kenjo, has raised €1.7million for its seed round from two of Europe’s leading entrepreneurs to support SMEs successfully manage their workforce in a post-Covid19 world.
Julian Teicke, CEO of insurtech, wefox Group, and Maximilian Tayenthal, co-founder and chief financial officer of N26, who are spearheading two of Europe’s latest unicorns respectively, joined forces to invest in Kenjo after spotting a gap in the market for an employee-centric HR platform.
Kenjo helps SMEs to simplify and enhance their HR process by bringing everything into one place. Kenjo’s technology focuses on employees rather than the traditional HR software providers, which focus on the organisation and often lack the flexibility of a constantly changing workforce.
The investment comes at an ideal time for Kenjo given that most organisations are now seeking new ways to support and sustain their staff who are forced to adapt to new ways of working.
David Padilla, CEO of Kenjo, said that the company had already seen the trend towards flexible working and that traditional HR tech focussed on the standard model of “hiring and firing” yet nothing existed in the market aimed at employees.
“We know that there is an emerging generation of workers who will want to work flexibly and this is going to be the new standard for the future of business. We noticed early on that if companies did not prepare for the change in employee work patterns they would suffer.”
“We built Kenjo for the future of working, which is for teams to work remotely but remain constantly connected to their organizations and, more importantly, hands-on control over their personal and professional development no matter where they are in the world. However, Covid19 has ushered in this new way of working a lot faster than we anticipated".
“We know that the future of business has changed and the challenge will be for companies to adapt to this “new normal”, so Kenjo is perfectly placed to help HR directors transition to this new way of working,” added Padilla.
Julian Teicke, CEO of wefox Group and one of the investors, said: “We are witnessing unprecedented change across the globe as businesses and society are severely impacted by the spread of Covid19, which many organisations were simply not prepared for.”
“As a consequence, we saw a huge risk facing SMEs who account for 90% of global business yet do not necessarily have the right tools in place to cope with this new situation.
“Even before corona struck, we already knew that the future of business would change as more people prefer to work remotely and with the new generations growing up with technology at their fingertips it seemed only logical that this evolution was taking place, however coronavirus has forced this change almost overnight,” added Teicke.
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 that have the power to accelerate the access of innovation and digital transformation. This is especially important for employees working remotely as establishing a sense of belonging and ownership within the company is vital when working apart. Kenjo now offers discounted packages in order to help companies struggling to implement remote work during the corona crisis.
Companies can try for free or get more information about Kenjo via www.kenjo.io
For more information contact:
Ruben Medina, Head of Marketing
Ph: +34 611033703