HR Acuity, HR case management and predictive insights software company, announced a $47m minority investment from K1 Investment Management (“K1”), an 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.
With HR Acuity's solution Deb's aims to help businesses resolve workplace conflicts and build employee trust. In 2021, leveraging technology for managing sensitive and complex employee issues is no longer optional. HR Acuity is partnering with the K1 team to meet this accelerated demand by scaling the business through investments in talent and product innovation.
Global enterprises like LinkedIn, Qualcomm and Lyft use HR Acuity to help employee relations teams identify, investigate and track employee issues. The analytics suite and proprietary benchmarking inform organisations with insights to protect their reputation and meet DE&I pledges. HR Acuity streamlines employee relations processes and strategies through its expert workflows, configurable templates, standardized best practices and deep domain expertise.
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 organisations’ commitments to effectively resolve disputes and build better workplaces.”
In conjunction with the investment, Taylor will join the board of directors alongside the company's existing investor, Growth Street Partners.