- When, an AI-powered offboarding solution, secured $4.6M in Seed funding.
- Funding led by B Capital and supported by TTV Capital, Joyance Partners, and others.
- Total funding raised to date: $7 million.
- Purpose: Expand AI capabilities, add new offerings, and grow customer base.
- Overview of When’s Solutions
- When technology platform: Co-branded portal for exiting employees.
- When Benefit: Healthcare severance solution replacing COBRA subsidies.
- Significant cost savings for companies maintaining health insurance for early retirees.
- Benefits of When’s Solutions
- Reduces health insurance costs and mitigates risk for employers.
- Provides affordable coverage options for employees post-employment.
- Includes partner offerings like 401(k) rollovers, career coaching, and résumé building.
- Market Need and Impact
- COBRA participants are three times more costly than active employees.
- When’s platform addresses the common issues of high out-of-pocket costs and confusion around finding coverage.
- U.S. employers planned 721,677 job cuts in 2023, highlighting the need for effective offboarding solutions.
- Testimonials and Investor Confidence
- Andy Hamilton, Co-Founder and CEO, on removing obstacles created by job loss.
- Gabe Greenbaum, General Partner at B Capital, on When’s vision and innovation.
- Lizzie Guynn, Partner at TTV Capital, on the founders’ firsthand experience in solving post-employment issues.
- Platform Capabilities and Integrations
- Integrates with 220+ HRIS platforms.
- Personalized and compassionate support during offboarding.
- Access to a bilingual nationwide call center and white-glove customer service.
- When is transforming the offboarding experience with its AI-powered solutions.
- The latest funding round will enhance the platform and expand its reach.
- When aims to become the offboarding standard for U.S. employers.
