260,000 euros for Bonrepublic
The software solution from Bonrepublic supports companies in the area of personnel development, clearly defining and pursuing goals and recognizing and rewarding employees for success. Employees can get bonus points that can be redeemed for various offers in a marketplace or for personalized benefits. That was worth a total of 260,000 euros to the APX and international business angels.
“With this investment we will further develop our product features and accelerate the market entry in the DACH region,” explains Bonrepublic co-founder and CEO Jakob Feigl. “Many customers have confirmed to us that our platform is an important support right now. That is why we want to make our product available to other companies as quickly as possible, ”continued Feigl.
How Bonrepublic works
Rico Fernando, co-founder and HR strategist at Bonrepublic, adds: “The human factor will become even more important for companies in the future. The increased proportion of home office jobs due to the Corona crisis makes it difficult for companies to maintain motivation, commitment and appreciation of their employees as well as transparency and visibility between teams. Our solution supports companies in getting their employees to become more involved. In addition, they are more motivated and participate more in the company’s success; So to speak, it helps to think outside the box and promotes active collaboration. This sustainably reduces employee turnover and strengthens the sense of belonging in each individual. Feeling belonging is a very important driver of well-being in the workplace ”
“APX is a valuable sparring partner”
APX supported Bonrepublic back in the summer, when the Viennese startup was participating in an APX program in Berlin. The initiative of the start-up program is intended to give young companies an “acceleration boost”. The prerequisites for inclusion are a convincing idea for a product or business model. Feigl: “APX is a valuable sparring partner for us to further develop our product. The whole team and the two shareholders actively supported us with their network in entering the market as well as in the further fundraising process. ”
+++ Is the term “Human Resources” bad, Robert Kopezky? +++