See the full press release here.
PITTSBURGH, PA – October 5th, 2022 –
ERIN, a leading employee referral platform, today announced the closing of a $5 million financing round led by Reformation Partners. Reformation Partners is joined by BlueTree VC, Grouse Ridge Capital, Yoshimi Iyadomi, and existing investor LabCo NYC.
“Growth over the last year has been incredible. ERIN is now the employee referral platform for over 1.5 million employees in 100 countries” said Mike Stafiej, CEO. “This round of funding will allow us to keep up with market demand, drive innovative new features, and continue to provide world-class support to our customers”.
Fully Automated Employee Referrals at Scale
ERIN offers an advanced feature set that allows customers to completely automate employee referrals from the point of referral through bonus payment. The mobile app is packed with gamification and tracking features that keep employees active with their company’s talent acquisition initiatives, driving more referrals overall and significantly increasing the number of converted referral hires.
David Rogg, Managing Partner at Reformation Partners, said, “ERIN has emerged as a leader, powering smarter, more effective referral recruiting for enterprises at scale. Referral recruiting is the golden ticket in the hiring stack, producing leading recruiting yields and employee longevity. ERIN helps large enterprises, across a wide range of desk and non-desk industries from healthcare to industrial to tech, manage these complex systems.”
Sree Gadde, Managing Partner at BlueTree VC added, “ERIN is addressing the current hiring pain in the market with an elegant solution that integrates with multiple HRIS platforms, and most importantly, the team has execution experience for scaling this product across multiple industries.”
ERIN’s platform expands the traditional efforts of employee referrals. In addition to automating referrals and providing gamification features to drive adoption, ERIN offers an AI component that benefits both employees and candidates with career development. The Internal Mobility feature set reduces turnover and bridges the career development gap for large businesses by matching employees with the next step for their career at their organization. The Referral Network add-on drives candidate involvement by helping the employees know what positions the candidates are a good fit for.
About ERIN Technologies, Inc.
ERIN Technologies, Inc. is a leading employee referral platform that supports millions of employees making referrals in over 100 different countries. ERIN’s platform enables businesses to completely automate employee referrals and provides an engaging experience allowing employees to make referrals in less than 30-seconds using the mobile app or web browser. ERIN is based in Pittsburgh, PA and was founded in 2018. To learn more about ERIN and how their platform helps businesses boost referral hires, visit https://go.erinapp.com
About Reformation Partners
Reformation Partners is an early growth equity firm. The firm invests in the best capital efficient enterprise and consumer companies at their point of breakout and supports their growth through profitability, future financing rounds, and exit. The firm was founded in 2019 and has made twelve portfolio investments to date across the United States.
About BlueTree Venture Fund
BlueTree VC is a Pittsburgh based early-stage fund. The fund is focused on software-enabled technology companies for B2B solutions in Series A or Series Seed Extensions.