Erudit

Main causes of Erudit

Miami/Madrid based Erudit has raised $3.5 million in late seed funding to further develop their AI models that provide leaders Human Capital leading indicators never seen before.Five VCs from Europe and the US participated in this funding round, many of whom were follow-on investors from Erudit’s previous early-stage round of $1.5M. These include DraperB1, Athos Capital, Archipelago Next and Encomenda Smart Capital, which has invested close to $1M in Erudit overall.

The team has oversubscribed the current round and plans to open a Series A round before the end of the second quarter of this year.Erudit has already begun to leverage this influx in capital. The startup has made a handful of strategic hires, including Utah-based head of partnerships & business development, Mike Sites (who exited HotDocs in 2017), Alejandra Lorente as CMO who previously led marketing for Spanish unicorn Cabify, Taylor MacBride as CSO, who was leading sales teams at Qualtrics, Bamboo HR and Funnel and Mark Hardwick as CTO.“I am happy that we hired these very talented people,” Erudit’s co-founder and CEO, Alejandro Martinez Agenjo, told Refresh Miami. The team now has 26 employees and six remote jobs open, including a Lead Product Designer and Senior Backend Developer.

“Just like how a lot of people are worrying about a company’s carbon footprint, now you can pull up information about your human capital,” he explained. Through Erudit’s platform, executives can share tangible metrics related to their employees’ satisfaction and wellbeing. This can be a competitive advantage for certain companies and investors.