Transactions & News

The Bottom Line: NewSpring Invests in Enboarder to Expand People Activation Platform

NewSpring, a family of private equity strategies, announced today that NewSpring Growth, the Firm’s dedicated growth and expansion strategy, has invested in Enboarder.

Enboarder is a leading employee engagement platform provider

Enboarder is the world's only People Activation Platform enabling companies to transform their people programs into simple, science-based, human-centric journeys. Whether it's onboarding, learning and development, change management, diversity and inclusion, or employee transitions, Enboarder has reimagined HR programs to create natural sequences that match organizations' people journeys.

“Enboarder’s mission is to help HR teams drive action on their programs and initiatives by better engaging with their employees and creating more personalized experiences. In a time when employees are more overwhelmed and disconnected than ever before, and uncertainty in hybrid work plans continues, ensuring workers are connected and engaged is crucial. This investment will power Enboarder’s next stage of growth and is critical to helping Enboarder lead the global people activation revolution."
— Brent Pearson, Founder and CEO of Enboarder

The company will use the proceeds from this transaction to fuel its growth strategy

Enboarder will use the new funds to double down on international growth. With plans to double its headcount over the next year, Enboarder will also use its new capital to invest in additional infrastructure and systems to further accelerate its global growth and expansion.

This investment comes at a time of rapid expansion for the company

Over the past year, Enboarder doubled its revenue and increased its customer base by 130%. Now, more than 400 companies –– including Deloitte, Dolby, Eventbrite, Hugo Boss, ING, McDonalds, Shopify and Wyndham Destinations –– use Enboarder’s People Activation platform to revolutionize their HR programs.

Enboarder is led by an innovative management team focused on growing the company

Led by CEO Brent Pearson, Enboarder has also made new hires to support this rapid business growth. Enboarder expanded its leadership team with the addition of veteran HR executive Laura Lee Gentry as Chief People Officer in December 2021 and seasoned marketing executive Andrea Dumont, who joined Enboarder’s executive team as Chief Marketing Officer on February 7.

“The key to any successful business is a happy, engaged and connected workforce and Enboarder ensures organizations can do just this by putting their people first. We’re excited to partner with Enboarder at this pivotal moment in the company’s history and look forward to supporting its continued growth and the wider people activation revolution."
— Hart Callahan, NewSpring Partner

With NewSpring’s investment, NewSpring Partner Hart Callahan will join Enboarder’s board as a director.

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