Recruit Holdings announced today that it has invested in All4Staff, Inc., a technology company with an automated onboarding solution for the human resources (HR) industry. The investment is the first in the US for the HR Technology Fund launched on January 27, http://www.recruit-rgf.com/news_data/release/2015/0127_7591.html. The fund has an initial capitalization of approximately $20 million and invests in companies 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.”
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