When, a Chicago-based company specialising in AI-powered offboarding solutions, has successfully raised $4.6m in its latest seed funding round.
The funding round was led by B Capital, a global investment firm, and saw participation from several investors, including TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, and Enfield Capital Partners, according to The SaaS News.
This new capital brings When’s total funds raised to $7m, following a previous $2.4m round.
When’s offboarding platform is designed to assist employees after they leave their jobs, providing essential post-employment support.
The platform helps users maintain access to healthcare by offering affordable alternatives to COBRA. Additionally, it includes services such as 401(k) rollovers, career coaching, résumé building, and a specialised healthcare severance solution called the When Benefit.
The company plans to use the new funding to further expand its AI-driven platform. This will involve adding new services to its post-employment marketplace and growing its customer base.
B Capital is a multi-stage global investment firm founded in 2015, with a focus on early and growth-stage companies across various sectors, including enterprise, FinTech, healthcare, and opportunistic investments.
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