San Francisco-based HR startup Flux is launching out of stealth with a $3 million seed funding round led by Uncork Capital and Amplify Partners.
The company works to help businesses provide clearer internal pathways for progression for existing staff, dubbed “internal mobility.”
The company says it has seen a 100% increase in engagement growth during the past five months, as employers look to better mobilize employees and help overwhelmed teams remotely.
“We want people’s jobs to become careers again, with Covid the new normal is that employees are remote and are increasingly disconnected from their company,” Nick Ionita, CEO and cofounder of Flux, told Business Insider in an interview. “We can democratize roles within companies by helping companies unlock different parts of their business and show that staff are applicable in lots of places.”
The idea is that employees have better visibility of how the work they are doing, or could be doing within a company, can be tied to their career goals within the business. Some 97% of employees who have completed work through Flux report confidence in their ability to navigate their career within their current company, Ionita claimed.
During the pandemic, Flux has seen a boom in part-time roles become available with the platform providing better options for employees. COVID-19 has accelerated a trend towards converting “gig” roles into valuable opportunities to learn new skills and work with different teams under the same organization, even while flexible and remote.
Flux was able to close its funding round before the pandemic hit the US. “The pandemic has accelerated our go-to-market strategy but also helped to change our thinking on it, we’re also focusing on smaller businesses now,” Ionita added.
Check out Flux’s pitch deck below: