HR tech firm Talmundo has announced a €1.3 million investment round.
The company is based in The Hague in the Netherlands. The round was led by TIIN Capital – which also contributed €500K in the first seed round a year ago – and also featured several angel investors.
Over a hundred employers are already using Talmundo’s onboarding solution, which it claims improves employee retention and productivity. Multinationals such as Bacardi, Staples and BNP Paribas are among them.
More than 26,000 new hires have been onboarded since the launch of the platform.
The round will be used to strengthen Talmundo’s position in its Benelux home markets, as well as to establish a local presence in the UK and France.
The company will also further invest in product development such as its Onboarding Chatbot.
“Talmundo brings conventional and outdated onboarding processes up to speed with the latest technology, making them easier, more engaging and more professional than ever,” said Stijn De Groef, Talmundo CEO and co-founder.
“We couldn’t be more grateful to TIIN Capital for their continued trust and for helping us further accelerate our business growth, only one year after their first investment.”
Henk De Boer, partner at TIIN Capital, said: “Talmundo’s technology fits perfectly within what we’ve experienced firsthand.
“It increases satisfaction and ultimately loyalty among employees with a fun and simple solution.
“Seeing the company’s success after our first investment, it was an easy decision to give the green light for a second funding round.”