# BINDER

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/binder-2

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.binderhr.com/
- Latest round: Seed (Jun 1, 2023)
- Investors on record: 1

## About

Dotio Inc., trading under the name Binder, is a South Korean company specializing in innovative employee onboarding solutions that enhance organizational efficiency and streamline HR processes for diverse industries. Binder, founded in 2023, is based in Seoul, South Korea and focuses on transforming the employee onboarding experience. The company has engaged in two funding deals to date, with its most recent deal occurring in September 2024. Binder provides a comprehensive onboarding solution designed to streamline and simplify the employee onboarding process for companies. The core product is a digital platform that minimizes manual tasks associated with onboarding, allowing organizations to reduce onboarding time by up to 90%. Key features include customizable onboarding workflows, pre-submission of necessary documents, automated feedback collection, and personalized reminders, which enhance the employee experience while easing the administrative burden on HR teams. The service is particularly beneficial for companies seeking to standardize onboarding across various departments and roles, ensuring a consistent experience for new hires. Binder's clientele spans diverse industries, and its products are marketed primarily in South Korea, with potential expansions to other Asian markets.The revenue model for Binder is structured around subscription services offered to businesses that utilize its onboarding platform. Clients typically engage with Binder through annual subscription plans, which provide access to its suite of features tailored to their specific onboarding needs. Transaction structures include multi-tiered pricing based on the number of employees and the range of services utilized, allowing flexibility for businesses of varying sizes. By offering features such as pre-boarding document collection and automated survey tools, Binder ensures that clients derive maximum value from their subscriptions. The platform's focus on reducing manual tasks and improving new hire integration positions it as a critical tool for organizations aiming to enhance their onboarding processes. In September 2024, BINDER raised an undisclosed amount of venture funding from Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program (TIPS). The company plans to use the funding to expedite the development of its AI-based onboarding and training service, establish its position in the human resource solutions market, and eventually enter the global market.

## Funding rounds

- Seed, Jun 1, 2023 — Bluepoint Partners

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed