Onboarding software startup in Cleveland lands $1 million in funding

Apparently Cleveland Rocks when it comes to getting your HR tech startup funded. Today, EmployStream, an onboarding software solution announced it had raised $1 million.


The SaaS company that helps high-volume employers streamline their new hire onboarding process raised the money from a group of investors led by JumpStart Inc. and North Coast Angel Fund (NCAF). Each organization invested $250,000 along with angel investors—including individual NCAF angels—adding the remaining amount. Mike Marchetti from JumpStart and Alan Brennerfrom NCAF will join the EmployStream Board of Directors.

Here’s a quick video intro of the founders talking about the company.

The software is designed for “high volume” recruiting organizations. This seed round will allow them to improve the product and build out the sales and marketing team.

“We couldn’t be more excited about how this round came together. JumpStart, NCAF and an awesome group of local angel investors believe in us and we are anxious to prove them right. Their investment will allow us to ramp up product development, sales and marketing to attack our market opportunity head on.”

-EmployStream CEO Gerald Hetrick

Founded in 2014, EmployStream will move to midtown Cleveland. There software was developed to serve the unique needs and compliance concerns of high-volume, high-turnover employers, including temporary and contract staffing agencies. The traditional process of recruiting and hiring new employees is lengthy, disruptive and often cumbersome for these types of organizations. EmployStream’s flexible hiring automation platform simplifies the entire hiring process, completely eliminates paper-based tasks, significantly reduces hiring costs and improves each candidate’s experience.

They currently integrate with several ATS providers including Bullhorn. Learn more at http://www.employstream.com/

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