HR analytics startup grabs $15 million from Salesforce

Skills analysis startup Reejig has raised $17 million topping up on the $15 million from a Series A just eight months ago.

This time Salesforce Ventures, the investment arm of the global tech giant, backed the three-year-old venture.

Reejig says the investment is not a Series B raise.

The latest cash injection means the HR platform has raised nearly $40 million in just two years, kicking off with a $2.2 million seed round in 2020. In October last year, the startup announced the first $6 million raised in its Series A, followed by another $15 million in February this year to complete the round.

Previous rounds were backed by Kim Jackson and Scott Farquhar’s Skip Capital, Airtree Ventures; Culture Amp’s Didier Elzinga and his opera singer wife, Greta Bradman; as well as initial investor Right Click Capital. Most of them have nearly tripled their investment.

The startup was founded in 2019 by CEO Siobhan Savage, CTO Mike Reed and data scientist Dr Shujia Zhang to tackle HR challenges around hiring, retaining and reskilling staff.

Savage said the capital will be used to developed the platform’s tech and increase the global team.

“This announcement is a testament to the work of the Reejig team and a testament to the power of workforce intelligence in helping organisations optimise their workforces and unlock their people’s potential,” she said.

The startup’s team has grown by 1000% over the past 12 months, with offices opening in APAC, North America, and the UK. The client base includes AWS, Compass Group, Woolworths Group, John Holland, and Allianz.

Reejig was named on the 2022 Cloud 100 Rising Star list as one of the top 20 promising cloud innovators globally.

‍Salesforce Ventures APAC MD Mike Ferrari said: “We’re thrilled to partner with Reejig, who is transforming the way businesses mobilise, reskill, and optimise their workforces.”