eQ8 secures $4m in Series A Funding from OIF Ventures

Australian-based startup plans to double Austin, TX footprint

AUSTIN, Texas, Dec. 8, 2022 /PRNewswire/ — eQ8, the world chief in SaaS improvement and the one end-to-end platform for Strategic Workforce Planning (SWP) and dynamic state of affairs modeling, at present introduced it has acquired its Collection A funding from Australian-based OIF Ventures. The funding will assist eQ8’s continued development and product innovation because it furthers its mission to assist organizations worldwide join their individuals to function.

“Organizations can now not assume that the fitting workforce will simply materialize,” stated Alicia Roach, Co-Founder and Joint CEO. “eQ8 compares enterprise demand versus workforce provide towards exterior labor market and future of labor information. This enables our clients to outline the place they should go and choose the actions required to get there.”

In line with eQ8 analysis, over 80% of organizations are not sure if their current agency accommodates the fitting workforce dimension and form. Moreover, over 95% of organizations are not sure of the workforce dimension and form they may want in 3-5 years. Present instruments out there are restricted to operational planning however fail to deal with strategic initiatives wanted to overtake a company’s total workforce.

“The enterprise case for Strategic Workforce Planning is top-line gross sales and income realization. With out the fitting enterprise capability, buyer supply suffers. eQ8 is main the market as a result of it affords complete assist in guaranteeing capability and functionality planning. That is essential for rising buyer supply and guarantee success for pricey transformation initiatives,” stated Anna Osipov, Investor, OIF Ventures.

eQ8 makes this rising self-discipline, which spans Finance, Technique and HR, accessible, by offering key insights into:

• The scale and form of the workforce wanted (Quantity)
• Initiatives that can have the largest influence/ROI (Motion)
• Shared management readability on future enterprise necessities (Align)

Strategic workforce planning drives management readability and extra socially accountable choices round individuals.

“In a interval of uncertainty, buyer demand for our product has lifted as firms should keep away from the short-sighted choices made in the course of the pandemic,” says eQ8 Co-Founder Chris Hare. “Elevated volatility has crystallized the necessity for SWP. Leaders should plan.”

This start-up ‘kissed numerous frogs’ earlier than touchdown an Aussie backer
OIF Ventures Funding Observe

About eQ8

eQ8, headquartered in Sydney, Australia with a rising presence in Austin, TX, is the one devoted end-to-end SaaS resolution providing scalability and sustainability for whole Strategic Workforce Planning success. Led by joint CEOs Alicia Roach and Chris Hare, eQ8 is on a mission to attach individuals to function and democratize Strategic Workforce Planning for the world’s main organizations.

About OIF Ventures

OIF Ventures, an Australian enterprise capital agency, champions distinctive founders to construct the long-lasting expertise companies of the long run. Based by a few of Australia’s main entrepreneurs, enterprise builders and buyers with vital funding, operational and strategic expertise, we all the time search so as to add materials worth to the founders and groups we associate with.

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SOURCE eQ8