Collage has raised $5 million. The round hails from Diagram, a Montreal-based venture capital fund. The Toronto startup, founded in 2016, offers a cloud-based software application that helps businesses automate the administrative work involved with HR, group benefits, and payroll administration.
“We started Collage to lead a fundamental shift in the way businesses buy and manage their benefits plans,” said Elijah Moore, cofounder of Collage. “Most businesses still manage their HR and benefits using paper and spreadsheets, which is wildly inefficient and prevents a lot of small businesses from providing proper coverage for their employees.”
Moore, alongside cofounders Peter Demangos and Steve Hanna, have created a platform that allows employers to manage paperless onboarding, time off tracking, employee record storage and management, and payroll updates. Employees, meanwhile, can manage their banking and personal information, request and track time off, change their personal information, and manage their benefits program.
“Collage is paving the way for HR and benefits management online, transforming something traditionally time-consuming and tedious into a great experience for both the employer and employee,” said François Lafortune, CEO of Diagram.
“We have completely enhanced the benefits experience and have removed the complexity associated with implementing and communicating an employee benefits plan,” said Demangos. “We believe that every employee should have a benefits plan, and one way Collage is ensuring that happens is by making the quoting, buying, and management process as seamless as possible.”