# UrbanBound

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.urbanbound.com
- Total disclosed funding: $14M
- Latest round: Series B (Apr 21, 2016)
- Investors on record: 4

## About

UrbanBound is a provider of employee relocation management software that simplifies the relocation process for organizations, enhancing employee experience and reducing costs significantly.UrbanBound, founded in 2011 in Chicago, US, specializes in employee relocation management. The company has not undergone any significant pivots and operates independently. Founded by Jeff Ellman and Michael Krasman, UrbanBound has raised a total of USD 8.5 mn in funding, including a Series B round in April 2016 led by Romar Partners, with participation from multiple investors such as Grotech Ventures and StarVest Partners.UrbanBound specializes in employee relocation management software designed to streamline the relocation process for organizations. Their core product offerings facilitate the relocation of employees, candidates, and interns by providing a comprehensive platform that guides users through various stages of the moving process, enhancing the overall experience while reducing costs by up to 66%. The company's software solutions are utilized by clients such as Pixar, Zillow, and Mayo Clinic, primarily serving businesses in the healthcare, high-growth, and tech sectors.UrbanBound's revenue model operates on a subscription-based structure, allowing organizations to pay for access to their relocation management software and services. Clients engage in B2B transactions that provide varying levels of access to features like candidate travel management and employee relocation assistance. While specific costs for services are proprietary, the company aims to minimize administrative overhead and improve employee satisfaction through its platform.UrbanBound plans to leverage the recent Series B financing of USD 8.5 mn, raised in April 2016, to expand its product offerings and geographical presence. The company is focusing on upcoming new features for their software aimed at enhancing user experience. UrbanBound also targets expansion into new markets across North America, with specific plans to penetrate regions where technological solutions for workforce mobility are emerging.

## Funding rounds

- Series B, Apr 21, 2016, $8.5M — Grotech Ventures, StarVest Partners, Moderne Ventures, Romar Partners
- Series A, Aug 6, 2013, $5M — Grotech Ventures, StarVest Partners

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A, Series B
- StarVest Partners (https://capitalatlas.ai/funds/starvest-partners) — Series A, Series B
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Series B
- Romar Partners (https://capitalatlas.ai/funds/romar-partners) — Series B