Woba, a Copenhagen, Denmark-based HR tech firm that focuses on helping managers measure and reduce staff turnover through its all-in-one HR platform, raised €2.95 million in funding.
The investment was from existing investors PreSeed Ventures and Denmark's export and investment fund, EIFO. All existing investors also participated in the round.
Founded in 2000, PreSeed Ventures is a venture capital firm based in Kongens Lyngby, Denmark. The firm seeks to invest in early-stage companies operating in the life science, information technology, and clean technology sectors.
The Export and Investment Fund of Denmark (EIFO) provides a single point of access for Danish companies as well as for their foreign and domestic business partners who need risk-tolerant government capital. They cover both the entrepreneur, small and medium-sized companies who need capital to unfold their full potential, and export companies who wish to conquer new or emerging markets.
Woba Use of Funds
The recent funding will fuel the platform's expansion into carefully selected international markets and support its global influence.
Founded in 2016 by Malene Madsen and Mikkel Bindesbøl, Woba is an HR impact platform that enables organizations to convert feedback from their employee surveys into concrete action plans and preventive measures that create a real HR ROI effect. The startup has experienced significant growth, expanding its presence to 35 new countries over the past year.
Company: Woba Aps
Funding Month: September 2023
Lead Investors: PreSeed Ventures and EIFO
Company Website: https://woba.io/
Software Category: HR Software