Serbian founded startup Orgnostic, aiding rapid-growing corporations to democratize people analytics, has secured US$ 5 million in a Seed round led by Earlybird Venture Capital on 19 October 2021.
Investors: The latest funding round featured Earlybird Venture Capital as the lead investor with participation from Script Capital and some high-profile investors like Rony Kahan of Indeed, Charlie Songhurst of Microsoft, and Eric Ries and Tiho Bajic of Lean Startup and LTSE.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards further development of its platform, aiming to launch a self-service platform to enhance its insight and industry standards and increase awareness in the HR community.
Brought to existence in 2020 by Igor Bogicevic and Luka Babic, Orgnostic aims to make efficient and flawless consumption of human capital data for enterprises spread across different geographies. Headquartered in New York, Orgnostic has systematized the data ingestion procedure and minimized the time to insight from several HR sources from one and a half months to just three hours. The organization’s tool is unique as it assists in data aggregation and new data generation. The company’s thesis projects that the increasing volume of HR data stimulated by lesser restrictions on entry will build a strong network effect and aid to direct and intensify team effectiveness and productivity- resulting in a more productive, healthy, and joyful enterprise.
What the CEO has to say: “We, at Orgnostic, offer a great solution to corporations by automating functions like HR reporting, thereby saving money and time of the enterprise and providing unprecedented insights. The Seed funding will enable in creating a seamless onboarding experience for our clients, which will make the prospect of unifying contrasting platforms more appealing and achievable to many corporations.”- Luka Babic, CEO and Co-Founder of Orgnostic.
What the Investor has to say: “Although digitalization of HR functions has been slow, we predict the increased use of advanced tools and more awareness of data-enabled techniques in HR. Orgnostic offers HR leaders vital organizational insights derived from the huge volume of people’s data stored in silos. Amalgamating their extensive experience and knowledge of data analytics and HR, the Orgnostic team has sensed a vital gap in HR-tech, and it is exhilarating to assist them in their growth journey.”- Mehmet Atici, Partner at Earlybird Venture Capital.
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