Digital HR player Frankli is growing employment after securing pre-seed funding.
Frankli is to create 20 new jobs in Sligo over the next two years after closing a €725,000 pre-seed funding round and commencing a new €2m seed round.
The latest investment will allow the company to add to its teams across its marketing, sales, support and software development as well as entry into new markets.
“We are proud to be a Sligo-headquartered technology company and part of a growing Tech North West cluster”
Early investors in Frankli include Enterprise Ireland, NDRC – the national start-up accelerator programme, Pigsback founder Michael Dwyer, LotusWorks founder Fergal Broder and several private angel investors.
The Sligo-headquartered tech company has built a digital performance and engagement management system for employees and their managers. The Frankli platform enables companies to conduct end-to end performance management, with a suite of software tools that save clients both time and money.
“Our mission is to help people celebrate great work”
Employees can report and give unfiltered feedback on their own performance, achievements and goal setting. In turn, managers can schedule performance reviews, run surveys around wellbeing and engagement and share analytics and data around how individuals and teams – and the company as a whole – are performing.
“We are delighted to say that with this funding, we can continue to scale our teams and build our product suite,” said Frankli CEO and founder Noel Dykes. “We are in growth mode and excited to be able to offer 20 roles in what promises to be an exciting period ahead. We are also delighted to welcome somebody of Aldagh’s experience and calibre to our leadership team.
“Our mission is to help people celebrate great work. The name ‘Frankli’ comes from a play on the term ‘to speak frankly’. All too often in work people shy away from declaring how they really feel about their work, managers fail to address underperformance and time and time again organisations miss the opportunity to celebrate great
Frankli has also announced that as part of their expansion plans, Aldagh McDonogh, the former CEO of Morgan McKinley, has joined the company as co-founder focusing on Strategy, Growth and Brand.
“With remote working and hybrid working models here to stay, I was impressed with what the Frankli team has built and the thinking driving it,” said McDonogh. “I see a real solution for employees and managers to collaborate around their performance.”
Frankli’s customers include CPL Group, Fenero, SL Controls, DeCare Dental and other SME’s (20 to 2000 employees) as well as several international clients such as Hack The Box (Europe) & Mevo (New Zealand). The platform offers a level of flexibility and user agility that progressive, fast-moving workplaces require. It allows for changing targets and modified organisational goal setting in fast-paced environments – something legacy systems or pen and paper, cannot achieve.
Frankli currently employs 10 people and while some of the new roles can be performed remotely, Dykes says there is an attractive opportunity to work from picturesque Sligo and enjoy some of the best living standards in Ireland.
“The pandemic has shown all of us that there is more to life than commuting and paying huge rents in our cities,” said Dykes.
“We are proud to be a Sligo-headquartered technology company and part of a growing Tech North West cluster. As well as an abundance of open spaces and affordable living in this region, we can offer fantastic career progression.”
Main image: Frankli founder and CEO Noel Dykes with COO Ronan McCabe
By John Kennedy (email@example.com)
Published: 9 March 2021