Startups
Funding / Hiring / Startups / Venture capital

ERIN Technologies raised a $5M round with plans to triple headcount

CEO Mike Stafiej said the raise was led by Reformation Partners with support from Pittsburgh-area VCs.

Pittsburgh from beyond. (Photo by Federated Art via Pexels)

ERIN Technologies, a North Shore-based startup, is starting October with a $5 million raise from a Reformation Partners-led financing round.

After a year of 350% growth in which the employee referral platform maker brought in its largest pool of customers to date, CEO Mike Stafiej told Technical.ly that now was the right time to start conversations with interested investors. After considering a few different VCs, Stafiej said that New York-based Reformation Partners accompanied by participating funds BlueTree VC of Wexford, Grouse Ridge Capital of Butler and LabCo NYC, a previous investor, was ultimately the best match.

“Growth over the last year has been incredible. ERIN is now the employee referral platform for over 1.5 million employees in 100 countries” Stafiej said. “This round of funding will allow us to keep up with market demand, drive innovative new features, and continue to provide world-class support to our customers.”

ERIN — aka Employee Referral Invitation Network — makes an app that allows users to, as its name suggests, automate employee referrals. The app includes features such as giving users the ability to track which employees are active within a company’s talent acquisition initiatives, which ERIN says can lead to more referrals and therefore more hires.

In the last year, the 2018-founded startup saw nearly 1 million employee users join its platform which, its CEO reported, brings the company’s user count to 1.5 million in 100 countries and 13 different languages.

So, what’s next? According to Stafiej, the company plans to use the funding to continue expanding, add more features to its app, increase its sales and marketing efforts, and bring on more staff. Currently the company has about 15 full-time employees, all of whom are based in Pittsburgh. By the end of year, Stafiej said the plan is to bring on 10 new employees. Most of those new hires will be filling roles in areas such as customer success and support to sales and marketing. In the new year, the company will hire 25 additional employees.

Although the plan is for ERIN Technologies to get larger, Stafiej told Technical.ly that the company’s future will always be in Pittsburgh. Its mission is to continue to make life easier for employees and hiring teams.

“We’ve worked with talent acquisition leaders around the world to solve two key problems with our product: employee engagement and employee referral management automation,” Stafiej said. “We are laser focused on providing efficiency for talent acquisition teams, and more importantly, providing an experience that encourages employees to actively participate in recruitment.”

Atiya Irvin-Mitchell is a 2022-2024 corps member for Report for America, an initiative of The Groundtruth Project that pairs young journalists with local newsrooms. This position is supported by the Heinz Endowments.

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

9 don't-miss events for technologists and entrepreneurs this July

Top 3 vital trends founders should know before pitching investors in 2024

An OpenAI advisor wants to help tech leaders embrace the humanities

5 assistive tech platforms to propel the future of work for people with disabilities

Technically Media