Kenjo, a Berlin-based HR tech startup, has successfully closed an impressive €8.8 million Series A investment round, with Hi Inov leading the funding efforts. Notable participation in this round comes from Lightbird, Innovation Nest, and previous investors like Redalpine and The Delta. As part of this development, Wolfgang Krause, Managing Partner of Hi Inov, will join Kenjo’s board.
This significant injection of capital further solidifies Kenjo’s position as a market leader in HR software, particularly tailored for frontline workers in small and medium-sized companies. These sectors include manufacturing, retail, transport and logistics, and healthcare. The company plans to expand its suite of digital solutions to streamline HR department management.
David Padilla, CEO and founder of Kenjo, expressed his enthusiasm for the funding, stating, “This funding round will allow us to continue to make progress in our product innovation and solidify also our commitment to supporting HR managers. The fundamental role HR teams play in driving growth and organizations is often overlooked. We believe it is essential that they have the technology and resources they need to be more efficient, thereby improving company culture and employee development.”
In addition to enhancing its position in the European market, where it has been active since its inception in 2017, Kenjo plans to strengthen its presence in the DACH region (Germany, Austria, and Switzerland) and southern Europe. The company’s next strategic step is to focus on its expansion into the LATAM region, which commenced in 2022.
Kenjo offers an all-in-one software solution designed to reduce administrative burdens in HR departments and facilitate compliance with labor regulations in various countries. It offers solutions aimed at optimizing key HR processes, including time and attendance tracking, holiday and absence management, shift planning, payroll, data analysis, and performance evaluations, among others.
Wolfgang Krause, Managing Partner of Hi Inov, expressed his excitement about the collaboration, saying, “We are excited to work with the team, are impressed by its achievements so far, and are pleased to add Kenjo as our first investment of our new fund Hi Inov 3, which we closed during this summer. This shows our commitment to supporting promising teams in Germany, France, and Benelux.”
Kenjo currently maintains offices in Madrid, Berlin, Zurich, and Mexico City, boasting a client base of over 1,000 companies with staff sizes ranging from 20 to 500 employees. The company’s board includes notable figures like Julian Teicke, CEO of Wefox, and Noor van Boven, Co-founder of Invested and an HR expert.