Berlin-based HRtech startup Kenjo, which provides an all-in-one workforce management program for small and medium businesses in various industries, has closed an €8.8 million ($9.4 million U.S.) Series A investment round led by B2B fund Hi Inov. Hi Inov managing partner Wolfgang Krause will join Kenjo’s board.
Lightbird and Innovation Nest also participated, in addition to existing investors like RedAlpine and The Delta.
As well as supporting its work in the DACH region (Germany, Austria and Switzerland) and the south of Europe, Kenjo will use this investment to expand in Latin America; the company launched operations in Mexico, Argentina, Colombia, Uruguay and Nicaragua last year.
“This funding round will allow us to continue to make progress in our product innovation and also solidify our commitment to supporting HR managers. We believe it is essential that they have the technology and resources they need to be more efficient, thereby improving company culture and employee development,“ said Kenjo CEO and founder David Padilla.
Founded in 2017, Kenjo’s software helps HR departments alleviate the burden of such administrative tasks as shift planning and payroll, in addition to helping them comply with the regulations in different countries. The company, which employs 70 people, has offices in Madrid, Berlin, Zurich and Mexico City.