Talmundo has secured growth financing for its online onboarding platform which is already used by large multinationals including Bacardi, ArcelorMittal and Staples. Based in the Hague, the HR startup is headed by a Belgian CEO and boasts three Dutch angel investors. The new funding comes from TIIN TechFund 3, managed by TIIN Capital, a Dutch venture capital fund. The total half-million euro investment amounts to a minority stake for TIIN and will be used to further roll out Talmundo’s employee onboarding app to major multinationals based in Germany, the UK, Switzerland and the Nordics.
Talmundo was founded in 2012 and launched its HR and onboarding app in 2014. Recognizing the need to adapt to an ever-changing market, Talmundo CEO and cofounder Stijn de Groef shifted the company’s focus last year completely toward onboarding.
He stated: “In the era of the ubiquitous smartphone, younger generations have grown up with well-designed, easy-to-navigate and almost flawless technology. But when they enter a new job at a large multinational, in comes the same clunky HR software system that has been around for years. Large multinationals spend millions on their hiring processes, so why frustrate new hires from the get-go?”
Talmundo aims to bring a human touch back to employee onboarding by making the process simpler, more fun and more personal. From the moment an employee has signed his or her employment contract, Talmundo’s onboarding app creates a positive experience focused on giving insight into the company and its processes by guiding new-hires through various tasks and activities. Plus, the app streamlines administrative tasks, as employees no longer need to fill out stacks of paperwork for payroll, IT and other departments. As a result, employees walk into the office on their first day feeling welcome and fully prepared.
Talmundo’s app works seamlessly across all devices (tablet, laptop, smartphone) and is backed by a flexible content management system. This means that any changes made by HR are pushed out automatically to all users, ensuring optimal user experience. Talmundo will devote the new investment to expanding the app, adding new developers and customer success managers, as well as marketing to scale up to more European markets outside their initial core, the Benelux.
Richard Tieleman, investment manager at TIIN TechFund 3, envisions a key role for Talmundo in revolutionizing onboarding processes. He stated: “HR technology is by far an underfunded corner of the startup ecosystem. And wrongfully so. Even though HR today is widely seen as a business imperative, for Talmundo’s core market – large multinationals – people are the most important asset. We believe those multinationals will soon realize that work needs to be an experience for the employees, not just a way to earn a paycheck.”