eloomi Announces $55 Million Strategic Investment from Terrific Hill Partners | Business
3 min readCOPENHAGEN, Denmark & BOSTON–(Enterprise WIRE)–Jun 7, 2021–
eloomi A/S (“eloomi” or the “Company”), a world wide cloud-based mostly people today progress application enterprise, nowadays announced a $55 million strategic expense from Wonderful Hill Associates, a non-public fairness business that invests in substantial-progress, disruptive companies. eloomi features a top SaaS company understanding and efficiency administration system that permits HR Administrators to easily distribute coaching content material to inside and exterior customers, when checking their development and streamlining coaching, evaluations, and 360 opinions. Good Hill’s expense is expected to speed up eloomi’s development in the United States and assistance even further growth of the Company’s go-to-market place and product or service enhancement attempts.
eloomi’s exceptional folks remedy will help enterprises establish their workforce and leaders with simplicity and simplicity all over the overall staff journey. The software package is effortless to deploy, and makes sure that corporations can competently onboard new staff members, reinforce productivity and functionality, and continuously deliver applicable content material that accelerates staff growth and expansion. eloomi has skilled substantial development historically with uninterrupted earnings improves thirty day period-just after-month given that it was established in 2015. Now, eloomi has far more than 500 consumers in in excess of 25 international locations, with powerful demand throughout all geographies and market place segments.
“In just a number of several years, eloomi has proven how a excellent merchandise and experienced management group can build a market-foremost enterprise,” stated Chris Busby, Husband or wife at Wonderful Hill Associates. “The Company has differentiated alone from some others in their place and we look forward to partnering with Claus and the whole staff to support eloomi scale to its future level of development, significantly in the U.S. market.”
Claus Johansen, Founder and CEO of eloomi, said, “We have succeeded in positioning eloomi for achievement in a highly aggressive market wherever our options provide fast price for our shoppers. We have a strong merchandise that is consumer-helpful and solves the troubles of many organizations trying to get to get, produce, and retain their workers. By means of upskilling and progress of their people today, our shoppers achieve substantial added benefits with eloomi, such as increased determination, engagement, and productivity, often ensuing in improved personnel retention charges. Good Hill has an recognized and proven track record of partnering with companies like ours, particularly inside the HR program space, and we’re delighted to have them as strategic buyers to help our continued progress.”
Fantastic Hill Companions joins the team of current investors in eloomi, which include Claus Johansen, Kennet Associates, and VF Ventures.
Nielsen Nørager served as legal counsel to eloomi, and Kirkland & Ellis LLP and Moalem Weitemeyer served as joint legal counsel to Good Hill Associates.
About eloomi
At eloomi, we concentration on switching people today outcomes by combining discovering & overall performance. Started in 2015, we understood the marketplace was lacking a remedy with a target on the personnel experience, that makes certain steady employee improvement, when participating and motivating them. Right now, we have designed the foremost employee encounter system for mid-sized corporations. Our platform connects the dots involving learning and functionality to attain better employee outcomes, engagement and efficiency. Transforming the standard organizational individuals method from “one size fits all” to a personalized, automated, and guided solution to maximize engagement and improve people today results for the contemporary workforce has been our north star. We are all about giving you far more effect with considerably less effort and hard work!
About Wonderful Hill Companions
Terrific Hill Companions is a Boston-based mostly private equity company focusing on investments of $25 million to $500 million in large-expansion firms throughout the computer software, digital commerce, financial engineering, healthcare, and digital infrastructure sectors. Around the earlier two a long time, Fantastic Hill has lifted practically $8 billion of commitments and invested in more than 75 companies, developing an comprehensive monitor record of setting up lengthy-time period partnerships with entrepreneurs and furnishing flexible means to enable middle-sector corporations scale. For extra info, check out www.greathillpartners.com.
View supply model on businesswire.com:https://www.businesswire.com/information/household/20210607005426/en/
Make contact with: For eloomi:
Claus Johansen
+45 3131 6161
[email protected] Great Hill Companions:
Sard Verbinnen & Co
212-687-8080
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Resource: Good Hill Companions
Copyright Organization Wire 2021.
PUB: 06/07/2021 10:30 AM/DISC: 06/07/2021 10:32 AM
Copyright Company Wire 2021.
