Amsterdam-based Buddee, an HR-tech startup, announced on Thursday that it has raised €1M in funding from a network of strategic angel investors.
Buddee wants to use the capital to expand the team and improve services and products. Further, the Dutch company intends to use the funds to facilitate integration with workforce planning tools such as Shiftbase and recruitment tools such as Homerun and Recruitee.
Buddee is already easy to link to the Nmbrs payroll software and various accounting packages.
How was Buddee born?
Typically, small to medium-sized businesses (SMEs) spend a great deal of time and money on managing HR-related topics, like HR and payroll administration, as well as employee benefits.
When Buddee CEO Rob Toonen worked for an international administration office in the United States, he saw how US SMEs had digitised their HR, payroll, compliance, and employee benefits processes.
“Back home, I couldn’t find similar solutions for Dutch SMEs. Foreign HR software companies don’t consider Dutch legislation, or they focus on corporates and develop software with many extra features,” says Toonen.
In fact, Jasper Lammertink (CTO) experienced a similar issue when he was COO of SEOShop/Lightspeed Netherlands.
And that’s how Buddee was born!
Buddee: What you need to know
The Dutch HR-tech startup Buddee has developed an online platform to streamline this process for SMEs.
Founded in 2020 by Rob Toonen (CEO) and Jasper Lammertink (CTO), Jean-Luc Bonnier (Head of Sales), Buddee is a cloud HR administration platform for SMEs.
The platform helps SMEs more efficiently by arranging and streamlining all the processes and administration regarding HR, including payroll, employee benefits, and employment law.
“We also help smaller accounting and HR consultancy firms by taking the payroll administration out of their hands, or they use our platform to communicate more efficiently and securely with their customers,” says Jean-Luc Bonnier.
According to Toonen, the platform has grown faster since the pandemic outbreak.
“The lockdowns meant a big change for SMEs since their employees had to work from home. How should these companies administrate travel costs, days off, and working from home? Our platform helps SMEs with those administrative challenges. Many companies still handle their administration in Excel sheets, email, and hard copy files. We bundle everything in one digital ecosystem. This saves entrepreneurs, employees, and their accountants time and hassle so that they can focus on the well-being of their people. That is not a luxury in the current job market,” Toonen says.
Currently, the company works with clients, including Daily Paper, Tonny Media, Parfumado, Natuurhuisje.nl, Share Council, Intersport, Royal Jumbo Toys & Games, Canon Medical, and Fest.