Acadian Ventures, established in 2019 and based in Madison, Connecticut, is a global venture capital firm focused on investing in early-stage software companies. They aim to build enduring businesses that enhance work environments, making them more productive, equitable, and meaningful. Their investment portfolio primarily consists of software-as-a-service (SaaS) companies, with a particular interest in automation, business workflow, and productivity software. Acadian Ventures operates globally, with a significant focus on the European market.
Jolly is a rewards platform for the workplace that incentivizes employee performance. It implements performance-based incentives to increase employees utilization, compliance, referrals, and loyalty.
Workpay
Series A in 2024
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, payment and loans processing, and employee self-service management. Workpay empowers businesses to hire both local and remote teams across Africa, ensuring compliance and streamlining processes without the need for local entities.
Compa
Series A in 2024
Compa is making compensation fair and competitive for everyone by removing barriers to effective decision-making.
Bountiful
Seed Round in 2023
Bountiful is a platform that leverages the power of social networks to drive exceptional job seekers and develop strong teams.
AG5
Venture Round in 2023
AG5 is a developer of a skills management software platform aimed at addressing skills gaps within organizations. The platform allows users to create clear skills matrices and dashboards within a centralized hub, integrating data from various HR and learning tools. By moving away from cumbersome spreadsheets, AG5 offers an efficient and audit-proof solution for workforce management. The software simplifies the tracking, recording, and management of employees' skills and performance, enabling companies to effectively oversee their team's capabilities and development.
Workpay
Seed Round in 2023
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, payment and loans processing, and employee self-service management. Workpay empowers businesses to hire both local and remote teams across Africa, ensuring compliance and streamlining processes without the need for local entities.
Assembly
Series A in 2022
Assembly is a no code employee engagement platform that extends from recognition and rewards to productivity and performance management.
Figures
Seed Round in 2022
Figures is a company that specializes in real-time compensation intelligence for the startup and scale-up market, particularly focusing on European venture-backed companies. It offers a comprehensive compensation database platform that provides reliable and high-quality data. The platform features a unique compensation and gender diversity tool that aggregates salary information and allows users to compare compensation levels by job title and seniority. Clients can filter this data based on factors such as company headcount and funding, significantly streamlining the data analysis process. Figures aims to empower companies with the insights needed to make informed compensation decisions in an evolving market.
Spotlyfe is a developer of a human resource technology platform that focuses on measuring employee sentiment and well-being beyond the workplace. Its innovative personal operating system integrates aspects of work, life, and wellness, allowing individuals to gain a comprehensive view of their daily experiences. By providing insights that foster effective communication and collaboration, Spotlyfe empowers employees to align their professional tasks with their personal values. This holistic approach not only supports productivity but also enhances the overall employee experience by facilitating meaningful interactions with management.
Progression
Seed Round in 2021
Progression is a software-as-a-service (SaaS) platform focused on helping organizations develop and manage career progression frameworks for their teams. The platform enables users to define and measure career growth, providing clear pathways and expectations for employees. By offering tools for browsing career tracks, Progression facilitates better evaluations and insights at the team level. It allows organizations to create roles and share relevant content easily, while also assisting team members in assessing their skills and development. Overall, Progression aims to enhance human resource management by streamlining career development processes within companies.
Compa
Seed Round in 2021
Compa is making compensation fair and competitive for everyone by removing barriers to effective decision-making.
Utmost
Series B in 2021
Utmost Software, Inc., established in 2018, specializes in talent management software. Headquartered in San Francisco, California, the company offers a platform that consolidates and streamlines various talent management systems, onboarding processes, and compliance procedures. Utmost's solution is a Workday-native alternative to legacy vendor management systems, providing enterprises with a single, efficient means to source, engage, and optimize spend for their extended workforce.
Clovers
Seed Round in 2021
Clovers operates an interview intelligence platform designed to streamline recruitment processes in today's hybrid work environment. Its solution facilitates collaboration among recruiters and hiring teams, mitigates unconscious biases, provides real-time interview feedback and coaching, aiming to enhance the candidate experience and enable companies to select the most suitable hires efficiently.
Oyster
Series A in 2021
Oyster is a company dedicated to creating a more equitable workforce by enabling organizations to hire talent from anywhere in the world. Founded in January 2020 by Tony Jamous and Jack Mardack, Oyster provides a human resources platform tailored for globally distributed companies. It simplifies the complexities associated with international employment, allowing businesses to manage compliant payroll and offer competitive local benefits to their employees. As a fully remote organization itself, Oyster boasts a diverse, globally distributed team, reflecting its mission to empower companies to build inclusive and dynamic workforces without the typical challenges and costs associated with global hiring.
Progression
Pre Seed Round in 2020
Progression is a software-as-a-service (SaaS) platform focused on helping organizations develop and manage career progression frameworks for their teams. The platform enables users to define and measure career growth, providing clear pathways and expectations for employees. By offering tools for browsing career tracks, Progression facilitates better evaluations and insights at the team level. It allows organizations to create roles and share relevant content easily, while also assisting team members in assessing their skills and development. Overall, Progression aims to enhance human resource management by streamlining career development processes within companies.
Penzilla
Penzilla GmbH specializes in providing a software solution that enhances corporate pension management. Its human resource software functions as an operating system for occupational provision, integrating seamlessly with major HR systems. The platform offers individual evaluations of employees' pension statuses while ensuring compliance with regulations. By automating the entire process, Penzilla simplifies pension management for employers and employees alike, promoting transparency and facilitating corporate social responsibility. This streamlined approach helps organizations maximize the benefits of their corporate pension options.
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