Parisian HR performance management platform Elevo has raised €6 million in a new funding round. The six mill will be used to continue development of the product as well as further fuel marketing towards larger companies and corporations and expansion plans. The company has raised a total of €7 million to date.
Founded in 2017 by former Apple and Google manager Thibault Vilon and Work4, Criteo and YCombinator S14 veteran Etienne le Scaon, Elevo’s mission is simple: facilitate the creation of the best and highest performing teams in the new world of work.
With a 30 member strong team, Elevo has attracted the patronage of some top players including Audika, Aircall, Groupe Figaro, JC Decaux, Labeyrie, Nature et Découvertes, Picard, and Pennylane.
Now let’s take a step back here shall we? It’s no secret that there are a host of HR tech startups that have seemingly sprung up overnight and are all gunning to optimise the employee experience. However, Elevo hopes to separate itself from the pack by specifically honing in on performance management and talent management, and eschewing the admin data management and payroll portion. Leave the boring stuff for the HR folk .. oh wait .. some other software provider.
The world’s largest out-of-home advertising solution, JC Decaux’s HR director Thierry Raulin comments, “With Elevo, we have revitalized our annual interview campaigns. The system, adapted to our practices and our managerial culture, allows us to achieve a 90% participation rate and, above all, to collect information that is essential for managing our development policy and the internal mobility of our human resources, which we are particularly committed to.”
“After several successive waves of innovation in employee management, HRIS, recruitment, the HRTech challenge is now in “Talent Management”, and more specifically in the development of the human asset – the employee – within a group, positioned as a central actor of value creation. Elevo has captured this paradigm and offers a unique platform for managing and valuing talent,” concluded Elaia’s Pauline Roux.