# EmployStream

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/employstream

- Industry: Software
- Headquarters: Cleveland, US
- Website: www.employstream.com
- Total disclosed funding: $12M
- Latest round: Series B (Feb 10, 2020)
- Investors on record: 6

## About

EmployStream, LLC provides a platform designed to enhance recruitment and onboarding processes for staffing agencies through automation and integration. Their solutions streamline workflows, improving the overall candidate experience.EmployStream, LLC is focused on transforming the recruitment process for staffing agencies. Founded in 2014 and headquartered in Cleveland, US, the company has successfully completed four deals to date. The latest funding round, a Series B in February 2020, raised USD 7.000 mn, led by Plymouth Growth Partners with participation from various other investors. The founder, Gerald Hetrick, has a history of involvement in the tech space, although further details about previous ventures are not available.EmployStream's flagship product, now known as Bullhorn Onboarding Talent Edition, offers a comprehensive suite of solutions aimed at enhancing recruitment and onboarding for staffing agencies. With advanced automation and integration capabilities, the platform simplifies application management, onboarding tasks, and compliance tracking, allowing staffing agencies to tailor their processes to fit specific roles. The solution focuses on mobile accessibility, enabling candidates to manage their onboarding efficiently. Bullhorn primarily serves staffing agencies across North America, Europe, and the Asia-Pacific region, with over 10,000 clients in sectors such as professional services, healthcare, and light industrial.EmployStream operates on a subscription-based revenue model, offering tiered plans for clients who engage with the platform for onboarding automation and compliance management. The flagship product, Bullhorn Onboarding Talent Edition, plays a critical role in driving B2B transactions, allowing staffing agencies to optimize their recruitment processes. Revenue generated from these subscriptions supports ongoing development and enhancement of the platform, ensuring alignment with industry demands and trends.EmployStream plans to leverage its recent Series B funding of USD 7.000 mn, raised in February 2020, to drive new product developments and expand market reach. This funding will be utilized to enhance product offerings and potentially launch new features aimed at improving user experience and operational efficiency. The company is also exploring opportunities to enter new geographic markets, although specific regions have not been detailed at this time.

## Funding rounds

- Series B, Feb 10, 2020, $7M — Ohio Innovation Fund, JumpStart, Straylight Capital, North Coast Ventures, Rev1 Ventures
- Series A, Mar 28, 2019, $3.5M — Ohio Innovation Fund, JumpStart, North Coast Ventures, Rev1 Ventures
- Series A, Nov 10, 2017 — JumpStart, Ohio TechAngels - DUP, North Coast Ventures, Rev1 Ventures
- Seed, Sep 13, 2017, $1M — JumpStart, North Coast Ventures

## Investors

- JumpStart (https://capitalatlas.ai/funds/jumpstart) — Seed, Series A, Series B
- North Coast Ventures (https://capitalatlas.ai/funds/north-coast-ventures) — Seed, Series A, Series B
- Ohio TechAngels - DUP — Series A
- Rev1 Ventures (https://capitalatlas.ai/funds/rev1-ventures) — Series A, Series B
- Ohio Innovation Fund (https://capitalatlas.ai/funds/ohio-innovation-fund) — Series A, Series B
- Straylight Capital (https://capitalatlas.ai/funds/straylight-capital) — Series B