LatamList – Slik is a SaaS solution that helps companies manage employee engagement to drive company performance. The startup recently raised $390K from Vulcano, Angel Ventures, and angel investors, and was previously part of the 500 Startups Latam batch 10.
Slik’s software inputs are surveys and variables such as turnover and absenteeism, and by managing the complete employee engagement process, business leaders are able to get a pulse check of a company’s morale status. This last aspect is particularly important as the workplace shifts towards a remote modality. During the pandemic, Slik offered templates and free use of the platform to carry out these types of measurements.
Javier Brignone, CEO of Slik, explains that the current solutions in the market for understanding employee engagement are usually outdated, user-unfriendly, and take too long to develop action plans.
“With Slik, we are democratizing the way to approach data-driven HR decisions with a real-time, freemium, self-serve, people predictive model, affordable for companies all around the world,” commented Brignone.
The employee engagement industry represents $148B globally based on a study carried out by The Starr Conspiracy. Other studies have shown that employee engagement has a strong statistical correlation with business outcomes, and companies with engaged employees are 147% more profitable.
Slik will use the financing round to strengthen the team, develop new features, and expand operations into the US. The company will automatize the product payment process and optimize the existing platform with new features in 2020. For 2021, Slik will improve the technological architecture of the software and will enhance the predictive model for HR, QR surveys, and sentiment analysis.
Angel Ventures invested through its Peru-based seed fund, AVP Seed Fund I. “Slik is a disruptive player in the digital transformation of human resource management in the region. Slik helps companies find new and better ways to measure employee engagement and get the most out of their workforce,” said Greg Mitchell, Regional Director of Angel Ventures.