Belgian SaaS startup Intuo has raised €850,000 to further develop its 360-degree talent management software.
The funding comes from PMV and a number of angel investors from the HR, retail, and petrochemical sectors.
“We’ll use the money on two main components. One is the technology but on the other hand the expansion of the organisation in terms of internationalisation and capturing more market share here in western Europe and starting business development across the Atlantic,” said CEO Tim Clauwaert
Employees switch careers every four years, according to the startup. Its software is used by companies to monitor employee engagement, such as well-being and stress levels; performance and real-time feedback; and learning to improve overall employee work and retention.
“Businesses must align personal growth with organizational goals: it allows talent to evolve with the company. And that’s where we differ from other tools in the market. We’re the only SaaS company able to offer a full solution suite in the market,” said co-founder and head of operations Gilles Matellin.
“Employees who used to exchange time for money, now exchange skills for personal growth. Companies that can harvest this need for personal growth by linking it to their own business needs are the ones that will thrive. Any company failing to provide continuous room and opportunity for growth is faced with churn, bad performance and decreased competitiveness,” he added.
“Old HR models in a new economy, simply don’t work anymore. The era of once-a-year-feedback rounds is over and has made room for continuous employee interaction. Companies that don’t adapt to that new reality will fail miserably.”
The startup currently has more than 100,000 users and 14 employees.