HR software provider Sapling has raised $15m in Series B funding led by Evolution Equity Partners, with participation from Bloomberg Beta, Fathom Capital and Culture Amp. The funds will be used to accelerate product development, expand the company’s global reach and grow the Sapling team. Founded in 2016, Sapling provides HR departments with a range of tools to onboard, manage and grow their workforce, centralising HR processes and data to automate less complex tasks. The firm says it serves over 700 customers worldwide, including KPMG, Udemy and DigitalOcean.
Sapling Raises $15 Million in Series B Funding
HR software provider Sapling has announced they successfully raised $15 million in Series B funding. This latest funding round was led by Evolution Equity Partners, with participation from Bloomberg Beta, Fathom Capital, and Culture Amp.
This funding will be used to accelerate product development, expand the company’s global reach and grow the Sapling team. Founded in 2016, Sapling serves over 700 customers worldwide, including KPMG, Udemy, and DigitalOcean.
What is Sapling?
Sapling is a human resource management platform that offers HR teams a suite of tools to onboard, manage and grow their workforce. It provides a central location for companies to manage all of their HR processes and data, automate mundane tasks, and make data-driven decisions.
Sapling’s platform includes features like employee onboarding and offboarding, automated workflows for HR processes, and integrations with other HR software. By automating repetitive HR tasks, Sapling allows HR teams to focus on more complex work and help their organization grow.
Why did Sapling Raise $15 Million in Funding?
Sapling raised $15 million in funding to accelerate product development, expand global reach and fuel company growth. With the new funding in place, the company plans to invest further in its technology and expand its product offerings. Sapling will also expand its operations to serve more customers across the globe and increase its manpower.
What are the Benefits of Using Sapling?
Sapling offers several benefits for human resource teams, including:
Streamlined Onboarding Process:
Sapling onboarding software allows companies to assign new employees with all the necessary paperwork and notifications to complete before they start. Sapling can also pre-load common HR tasks such as new employee tax forms, benefits enrollment, and custom team introductions which help to automate the onboarding process and save HR time.
Maintains Accurate Data:
Data is an essential component of any modern HR process, and Sapling keeps everything in perfect order, organized, and structured. This means that every person, department involved, and piece of content involved can be consistently tracked and updated.
Eliminates Repetitive HR Tasks:
Sapling’s HR automation software simplifies and streamlines routine tasks like updating employee information and managing performance reviews to allow HR teams to concentrate on higher-level tasks that require expertise and input.
Easy Integration with Other HR Apps:
Sapling integrates easily with other HR software such as Workday and BambooHR, so companies can easily manage their HR processes in one place.
Sapling continues to grow and thrive in the human resource industry, now with $15 million in new funding. With the funding, Sapling can continue to improve its HR technology, expand its reach, and offer more support to global HR teams.
What is Sapling?
Sapling is a cloud-based HR software provider that offers a range of tools to onboard, manage, and grow your workforce.
Who led the $15 million funding round?
The Series B funding round was led by Evolution Equity Partners, with participation from Bloomberg Beta, Fathom Capital, and Culture Amp.
What will Sapling do with the new funding?
The new funding will be invested in product development, expanding the company’s global reach and growing the Sapling team.
What are the benefits of using Sapling?
Using Sapling can streamline the onboarding process, maintain accurate data, eliminate repetitive HR tasks, and simplify integration with other HR apps.