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Recruit fund invests in onboarding tech firm

March 06, 2015

Recruit Holdings Co., the world’s fifth-largest staffing firm and the largest staffing firm in Japan, invested in All4Staff Inc., a technology company with an automated onboarding solution for the human resources industry. The investment is the first in the US for the HR Technology Fund, which launched in January.

The amount of the All4Staff investment was not disclosed.

The strategic corporate venture fund invests in human resource companies and has an initial capitalization of approximately $20 million. It will invest in companies ranging from seed rounds to pre-IPO.

“All4Staff’s technology has the potential to revolutionize the way that companies onboard employees,” said Recruit HR Technology Fund President Chihiro Ueda. “The company has taken a process previously done manually and transferred it to a mobile and cloud-based system, improving the efficiency of the process and making it more cost effective. All4Staff has reduced the average cost of the onboarding process from $103 per employee to $21 per employee.”

Founded in 2013 by CEO David Secunda and CTO Arthur Nisnevich, Boulder, Colo.-based All4Staff targets businesses that need to staff up quickly due to part-time or seasonal workforces. Its onboarding technology allows new hires to complete initial-hire tasks online, automating workflows and data entry and reducing the time needed to collect and process new hire paperwork.

“We are honored to be the first investment in the Recruit HR fund, fully subscribing our $1.5 million seed round and adding to the pedigree of investors,” said All4Staff CEO David Secunda. “The strategic focus and expertise of Recruit HR will greatly support our ability to quickly bring our mobile-first solutions to employers that rapidly hire workforces each year.”