Hi Inov leads €8,8 million Series A for Kenjo

Hi Inov, a German-French venture capital firm specializing in digital B2B solutions, has led a Series A investment round of HR software startup Kenjo. In addition to Hi Inov, Lightbird Ventures and Innovation Nest are investing, as well as previous investors Redalphine and The Delta. The Series A investment round totals €8.8 million.

This Series A investment will strengthen Kenjo’s presence in Europe to consolidate its position as a market leader in HR software for small and medium-sized businesses (SMBs) in manufacturing, retail, transport, logistics, and healthcare. In addition, the startup plans to focus on developing its products to enhance its HR management solutions further. With its products, Kenjo aims to optimize the most critical human resource management processes, such as time tracking, leave and absence management, shift planning, payroll, data analysis, and performance evaluation.

Kenjo currently has offices in Madrid, Berlin, and Zurich and has a client portfolio of more than 1,000 companies, with its central presence being in the DACH region (Germany, Austria and Switzerland). Currently, the company employs nearly 70 people and is expected to double its headcount in the coming months.

Dr. Wolfgang Krause, Managing Director of Hi Inov, is convinced of Kenjo’s growth potential: « New Work is one of Hi Inov’s key themes, which is why Kenjo complements our portfolio very well, alongside our investments 360 Learning, Awork, and Skillup. We are impressed with Kenjo’s successes and look forward to working with the team. The investment shows our continued support of promising teams in Germany, France, and Benelux. »

David Padilla, CEO and founder of Kenjo, adds: « We are very proud of this investment round and are grateful to our partners for supporting our growth. HR departments often receive too little attention, even though they are essential to company culture and strategic growth. This funding round will allow us to continuously improve our products, ensuring we support these key positions in their daily challenges and make them more efficient.

About Kenjo:

Co-founded in 2017 by David Padilla and Gonzalo Abruña, Kenjo is a SaaS ('Software as a Service') company specializing in the digitization of HR departments and tasks. It's all-in-one HR software helps to manage industrial, service and commercial SMB workforces.

Kenjo currently has more than 70 employees with offices in Berlin and Madrid, as well as in Latin America, Austria and Switzerland. Working primarily with companies with an employee range between 20 and 500 employees, Kenjo has more than 1000 clients, including companies such as Jaguar, Domino’s Pizza, Toni Kroos academy, BBVA, Verdecora, Alquiler Seguro and Caritas.

With Kenjo, companies can, amongst other features, manage documents, attendance, holidays and absences, shift planning and performance evaluations, directly from the cloud. In addition to automating HR administrative tasks, Kenjo aims to foster a business culture that promotes the professional and personal development of employees. More information: www.kenjo.io.