HeyTeam is a PeopleOps platform that is streamlining the employee journey, creating workflows that are more personalised and collaborative, with the aim to increase employee recognition and retention.
Today, the Paris-based company has announced the raise of €10 million and will now embark on plans to launch into the Spanish and Italian markets and consolidate itself as a European leader in the optimization of employee experiences.
The SaaS product is designed to support HR teams at each part of the employee journey – from onboarding to offboarding and every step in between. 360 Capital Partners leads this funding round with participation from All Iron Ventures, as well as business angels such as Axel and Hugo Manoukian (MoovOne), Jonathan Azoulay (Talent.io), Olivier Severyns (Snaphisft) and Sabina Tommasi (Intel Corporation).
Founded in 2017 by Nathaniel Philippe, HeyTeam has a dual objective – to increase employee commitment and loyalty by making their integration into the company as seamless as possible, using enhanced HR tools. Employee and HR interactions have traditionally centred around static, impersonal processes and focused on administrative tasks, without much attention and communication with employees. This is where the HRtech startup is changing the game, and is doing so at a crucial time.
Nathaniel Philippe explained: “As the ‘big resignation’ is about to hit a job market that is already strained, due to massive recruitment processes and talent shortages, retaining candidates once found will be the challenge of the decade. We are very happy with and proud of this new round that will allow us to continue promoting the digital transition at work. Employee relationship management, trust and support cannot be sustained without strong infrastructure and good tools.”
HeyTeam’s SaaS platform makes the employee workflow more personalised, enjoyable and adaptable at scale. The platform facilitates contact and connection in all key moments of the worker’s life cycle. The tool, through automated marketing processes, proactively proposes actions that increase the well-being of employees – for example, at times when an employee needs additional support such as for parental leave, moving house or salary increases, or, in situations that employees need more adaptability from their employer, such as when taking on a work-study combo, internship, part-time work, telecommuting, or for people with disabilities. The HeyTeam product enables this with full data security, compliant with GDPR.
Already, the young company has about 50k users through more than 200 medium and large companies across 70 counties – including the likes of SNCF, Naqaparo (ex Buffalo Grill), Jellysmack, MAIF, Prisma, Octo Technology, Believe Digital and Kiloutou. The aim now is to expand the business model into new markets, and, specifically begin to operate with Spanish and Italian companies, as well as multinational organisations from other countries that have a Spanish/Italian presence.
In addition, the fresh funds will be used to reinforce the tech used as well as double its team headcount in the coming months.
Hugo Mardomingo, partner and co-director of All Iron Ventures, added: “We have been following the latest trends in workflow automation and we see a huge opportunity in human resources for a new SaaS platform adapted to the new era to emerge. Nathaniel’s vision captures all these aspects.”