Jeff Wald Co-Founded BoomerangHR Raises $12.7M in Seed Funding

The round was led by Kalos Ventures and Album Ventures, with participation from Monta Vista Capital, Capital Eleven, and Strada Education Foundation.

The company plans to use the funding to expand its operations and product development efforts.

What is BoomerangHR?

BoomerangHR provides an AI-powered platform that helps companies manage employee offboarding and stay connected with former employees.

The platform turns former employees into a network that can support rehiring, referrals, and sales opportunities. It integrates with existing HRMS and ATS systems and can be set up in under an hour.

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Its key capabilities include offboarding automation, alumni management with auto-matching, and reporting to track talent movement and sales opportunities.

How Much Funding Has BoomerangHR Raised?

BoomerangHR has raised $12.7 million in its latest Seed funding round.

The round was led by Kalos Ventures and Album Ventures, with participation from Monta Vista Capital, Capital Eleven, and Strada Education Foundation.

Who Invested in BoomerangHR’s Seed Round?

The Seed round was led by:

• Kalos Ventures
• Album Ventures

Participating investors included:

• Monta Vista Capital
• Capital Eleven
• Strada Education Foundation

Why the Funding Matters

BoomerangHR will use the new funding to expand its operations and development efforts.

The company is focused on helping organizations make better use of their existing talent networks, particularly former employees who may return to the company or support it through referrals and sales opportunities.

Who founded BoomerangHR?

The provided information does not include details about BoomerangHR’s founders, founding year, or headquarters beyond its location in New York City.

Market and Business Growth

BoomerangHR is addressing challenges around candidate verification and employee retention in hiring.

The company cites Gartner research estimating that by 2028, one in four candidate profiles could be fake. March 2025 ADP research also found that returning employees account for one-third of new hires.

By helping companies maintain relationships with former employees, BoomerangHR aims to support faster hiring while reducing onboarding, and training costs associated with rehiring.

What Happens Next?

BoomerangHR plans to use its new capital to expand operations and continue developing its platform.

Its focus will remain on improving offboarding automation, alumni management, talent matching, and reporting for organizations.

“Technology can make hiring harder or streamline its complexities,” said Jose Tomas, former CHRO of General Motors, Anthem, and Burger King. “BoomerangHR serves two critical purposes: offboarding compliantly with confidence and building a solid alumni talent pool.

We know careers rarely follow a straight line. A team member might begin in one of our stores, pursue an opportunity elsewhere and later return in a new role, bringing valuable skills and perspective with them,” said Chelsea Kaden, Chief People Officer at Warby Parker.

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