Hybr1d Raises US$3.2 Million to Power AI-Driven IT and HR Solutions from Global Founders Capital, MS&AD Insurance VC arm, 468 Capital, and 1982 Ventures
- Fundraising News
- 01.06.2023 06:20 am
Hybr1d, a global workforce management platform, today announced the completion of a US$3.2 million pre-seed round of financing from Global Founders Capital, MS&AD, 468 Capital, and 1982 Ventures. The company plans to use this investment to supercharge its technology development, recruit across all functions, and expand its reach across the Europe, APAC and Middle East regions.
Founded in August 2022, Hybr1d is a full-suite solution for businesses of all sizes to streamline their IT and HR processes, ranging from onboarding, procurement, managing devices globally to leave and attendance management, and employee off-boarding. This end-to-end platform serves as a sturdy foundation for organizations to cut down on expenses, boost productivity, make data-driven decisions, and take advantage of AI's potential. The company offers companies with an innovative feature that automates virtually any IT and HR administrative task using a command bot. With this feature, businesses can save hundreds of hours every week, freeing up time for more meaningful work.
Since its inception, Hybr1d has emerged as a driving force behind the success of numerous modern high-growth businesses, enabling them to achieve remarkable cost savings. Through targeted IT solutions, Hybr1d has helped these companies reduce their annual operational expenses by up to 30%. What truly sets Hybr1d apart is its unparalleled global reach. As the only company in APAC that equips, manages, and serves over 5,000 users in more than 30 organizations across 80 countries, Hybr1d operates an all-in-one employee and device management platform supporting clients globally. With a comprehensive suite of services encompassing the management of employees' apps, devices, data, and security, Hybr1d empowers businesses to streamline their operations and focus on core competencies.
Hybr1d is led by Yoan Kamalski, Pauline Wetzer, and Aditya Anand, a team of serial entrepreneurs who previously founded companies like Hmlet, FOERNI, and Tellephant—and started Hybr1d with a mission to eliminate administrative headaches from business systems. As seasoned entrepreneurs, the founding team has first-hand experience in using traditional HRIS platforms that offered little to no integration with IT systems, recognizing the need in the market for a unified platform that would provide the infrastructure needed to give companies visibility on employees, support global talent management, and IT administration.
"We are grateful to have the support of our investors, and this funding will allow us to accelerate our expansion and product growth, especially in the APAC, Europe, and Middle East regions,” said Yoan Kamalski, Co-founder and CEO of Hybr1d. “Our platform is designed to help companies of all sizes save on cost and prepare for the AI revolution, and we are excited to continue to support businesses as they transform their IT and HR processes.”
“At MS&AD Ventures, we fundamentally believe that global companies can be built anywhere and Hybr1d is part of the solution to help companies leapfrog into the future. We are excited to partner with them on this journey,” said Tiffine Wang, Partner at MS&AD Ventures. MS&AD Ventures is the venture capital arm of MS&AD Insurance Group Holdings (the fifth-largest insurance conglomerate globally).
“Hybr1d represents a timely and lasting technology with a focus on AI and automation software with significant opportunities in European markets. As the go-to fund for European entrepreneurs, we jumped at the chance to partner with Yoan and the Hybrid team,” said Tito Costa, Partner at Global Founders Capital.
With this round of financing, Hybr1d will recruit more leaders and experts across all functions to accelerate Hybr1d's global expansion. The company will also invest in product development and enhance the platform’s capabilities—providing exceptional value to existing and new customers alike.
Hybr1d has gained significant traction since launch, attracting marquee brands and fast-growing companies, such as Carousell, Sleek, CyberSierra, Beam Mobility, and Multiplier, who have become part of Hybr1d's exceptional customer base.
"Hybr1d offers unparalleled coverage and excellent value for money. As our business expands, we are always seeking to attract top-notch talent, making the ability to swiftly allocate resources crucial. Hybr1d's platform empowers us to rapidly deploy both hardware and software to teams in various locations, catering to our evolving requirements. Hybr1d has proven itself indispensable in minimizing downtime, managing IT expenses effectively, and safeguarding our company's data," said John Esguerra, Head of Regional Corporate IT, Carousell.