Employee Cycle Eyes $2.5M Seed Round After Completing Comcast Accelerator Program
Philadelphia human resources tech startup Employee Cycle is raising a $2.5 million seed round after wrapping up its time at the 2021 Comcast NBCUniversal LIFT Labs Accelerator powered by Techstars.
Employee Cycle is a human resources startup that takes HR data, analyzes it and presents it on a dashboard. It was one of 11 startups that participated in the recent LIFT Labs Accelerator, and it was the only local startup in the mix this year.
The company already has several investors on board for the seed round, including venture capital firms, family offices and angels, Co-founder and CEO Bruce Marable said. He declined to share the names of investors and how much the company has raised so far.
“The next round of funding is really about us establishing ourselves as a leader in the space,” Marable said. “Now that we’ve built a comprehensive product, our goal is to get as many HR leaders as possible using our product.”
The funding will also be used to more than double Employee Cycle’s team of four to about 10 in sales, marketing and product development positions.
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