Eloomi completed a $11.3M growth capital round from Kennet Partners and Vækstfonden.

Denmark Investments 21 July 2019
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Eloomi, a Copenhagen, Denmark and London, UK-based SAAS company selling an employee experience platform, announced that it secured a DKK 75M ($11.3M) capital investment round.

The funding was backed by UK-based private equity firm, Kennet Partners, and existing investor Vækstfonden (VF Ventures). At the same time, former Fairsail CEO, Adam Hale, was named chairman of the company, joining Jacob Bratting Pedersen, Partner at VF Ventures.

The money will be used to fuel the growth ambitions of Eloomi, as the company's focus is on the European, UK and US markets, and thusly increase the existing 60 staff to 210 across Denmark, UK and US.

Eloomi, founded in 2015 by CEO Claus Johansen, built a software solution that helps with learning and performance management and that connects to existing core ERP and HR systems. The solution is used by employees and managers in order to organize training, compliance, coaching, performance reviews, surveys and onboarding, all oriented around maximizing growth, engagement and productivity.

Eloomi has over 400 customers in more than 25 countries, and previously raised EUR 1M ($1.2M) from Vækstfonden, in 2017.