Danish HR tech firm Eloomi secures $55 million to bolster its ‘people development’ software

Copenhagen-based HR/edtech software company Eloomi has scored $55 million in funding from Boston-based private equity firm Great Hill Partners to push for further growth in the US market.

Founded in 2015, Eloomi offers a cloud-based corporate learning and performance management platform that enables HR directors to onboard new staff, and distribute training content to internal and external users while simultaneously monitoring their progress to help them ‘develop’.

Eloomi has grown to serve more than 500 customers in over 25 countries today, but the fresh cash will serve to expand its business in the United States specifically.

Claus Johansen, founder and CEO of Eloomi, said: “Through upskilling and development of their people, our customers achieve substantial benefits with eloomi, such as increased motivation, engagement, and productivity, often resulting in increased employee retention rates. Great Hill has an established and proven track record of partnering with companies like ours, specifically within the HR software space, and we’re pleased to have them as strategic investors to support our continued growth.”

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