HR Tech Startup Employee Cycle Closes $2.5 million Seed Round
The startup is planning a partial launch of its Employee Data Platform in November, will a full launch in January 2023.
Three-year-old human resources tool Employee Cycle has just closed its seed round with a focus on the development and launch of its Employee Data Platform, the company said Tuesday.
The $2.5 million round was led by Impellent Ventures with participation from Collab Capital and Converge VC. Philly’s Tarik Trotter, better known as Black Thought from The Roots, joined in the round as an investor, along with other angel investors and contributors.
The Employee Cycle software currently integrates with other commonly used HR software systems in the HR tech vertical, like payroll and recruiting solutions. The goal is to allow HR leaders to unify and analyze data across their organization. A human resources professional can spot trends and data across recruiting, turnover, retention, diversity and inclusion efforts, compensation and performance on the platform.
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