HR Acuity Secures $47 Million Investment From K1 to Scale Its Cloud Solutions for Employee Relations
Investment Accelerates Product Development and Hiring Initiatives
HR Acuity, the leading HR case management and predictive insights software company, announced a $47 million minority investment from K1 Investment Management (“K1”), a leading investment firm focused on high-growth enterprise software companies.
“The current social and political climate along with pandemic challenges have elevated employee relations as the new strategic imperative in the boardroom,” said Deb Muller, Founder and CEO at HR Acuity. “HR Acuity is mission-critical to helping businesses resolve workplace conflicts and build employee trust. In 2021, leveraging technology for managing sensitive and complex employee issues is no longer optional. We are excited to be partnering with the K1 team to meet this accelerated demand by scaling the business through investments in talent and product innovation.”
HR Acuity is the only software solution purpose-built for employee relations matters to achieve consistency and improve outcomes. Global enterprises use HR Acuity to help employee relations teams identify, investigate and track employee issues. The analytics suite and proprietary benchmarking inform organizations with insights to protect their reputation and meet DE&I pledges. HR Acuity optimizes employee relations processes and strategies through its expert workflows, configurable templates, standardized best practices and deep domain expertise.
“LinkedIn’s unique culture is grounded in our emphasis on creating the best possible experience for our over 16,000 employees globally,” says Sari Laurila, Director, Global Employee Relations at LinkedIn. “More than ever it’s important that we consider the right programs and tools, like HR Acuity’s software, data and insights, to help us be more proactive in keeping employees engaged and supported regardless of where they’re working.”
HR Technology News: Penny Queller Joins Impellam Group as Chief Customer Officer
“HR Acuity’s mission resonates deeply with K1 as we seek to improve fairness and add transparency in resolving employee issues,” said Taylor Beaupain, Managing Partner at K1. “We are thrilled to partner with Deb and the HR Acuity team to help them support organizations’ commitments to effectively resolve disputes and build better workplaces.”
In conjunction with the investment, Beaupain will join the board of directors alongside the company’s existing investor, Growth Street Partners.
HR Technology News: Workday Announces Almost 1,000 Customers Already on Skills Cloud