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DearEmployee Secures Fresh Capital in Pre-Series A to Further Expand and Strengthen Market Position
Apr 25, 2023


 DearEmployee, the innovation leader in HR tech, announces the closing of a pre-Series A round. In particular, the fresh capital from new and existing investors will be used to further expand the functionality of the software solution along customer needs and to build the processes and structures for further growth, including the future location in Potsdam.

Mental illnesses are the most common reason for loss of working capacity and contribute significantly to the shortage of skilled workers. DearEmployee’s B2B software helps companies to measure the mental stress of their employees in the workplace and to book suitable health and HR measures from third-party providers as needed. More than 300 companies already trust DearEmployee’s solution and have demonstrated success in creating a healthier work environment and reducing the risk of burnout with DearEmployee.

The psychological risk assessment, for which DearEmployee is considered the innovation leader with its intelligent and scientific approach, is often in focus at the beginning of the cooperation with companies. Employee retention is now also becoming increasingly important.

HR managers in companies all have the same challenge: to provide employees with the best offers for their health. This is not possible with standard feedback tools – the path, from the often superficial analyses to suitable measures, is too complicated, and the requirements of the workforce are too diverse. DearEmployee solves these problems: based on a smart survey, HR managers can book specific offers from service providers to cover individual needs. With the planned expansion of functions that include an employee access to the software, the support services for employees will now be even easier to access and even more individualized – without any additional effort for HR managers.

The steadily increasing demand for solutions to measure and promote mental health in the market, results on the one hand from the obligation arising from the Occupational Health and Safety Act to conduct psychological risk assessments, and on the other hand from the sustainability strategy in corporate management. The target group of DearEmployee is therefore companies that want to improve the mental health of their employees, which results from an increasing workload and private issues. With DearEmployee, they can reduce the rising cost of sick pay and counteract the current wave of fluctuation in the shortage of skilled workers. Among the more than 300 companies with more than 60,000 employees that have already successfully used the innovative HR software “DearEmployee”, are many DAX companies.

In addition to existing investors High-Tech Gründerfonds and IMPACT51, new investors Brandenburg Kapital, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH, and business angels from encourageventures as well as from the HR and healthcare sectors are also part of this round.
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