Flux, The Internal Mobility Platform That Transforms Everyday Work Into Career Opportunity, Launches Out of Stealth With $3 Million in Funding

Flux, the internal mobility platform that helps employees grow their skills while contributing to business critical work, today announced its launch out of stealth and $3 million in funding, led by Uncork Capital and Amplify Partners. 

Due to layoffs and hiring freezes, companies are being forced to get the most out of the headcount they have. At the same time, employers are competing for top talent and finding themselves in costly, ongoing hiring cycles. In either case, existing “HR tools” are not built for internal talent development and do not focus on connecting or preparing employees for growth opportunities within the organization which leads to stagnation, disengagement and ultimately attrition. 

By aligning employees to full-time and part-time work opportunities within the business, Flux helps companies retain and grow talent while improving productivity.

“The greatest competitive advantage an organization has is its talent. But leadership rarely has enough visibility to maximize the value team members can provide,” said Nick Ionita, co-founder and CEO of Flux. “For many employees it’s hard to know what you can be if you don’t know what it’s called. Job boards aren’t development tools. Through thoughtful employee engagement, Flux learns employees’ interests and work preferences, as well as skills and past experiences -- these elements don’t just deliver someone who looks good on paper, but someone who performs well in the role.”

It is common for managers to fall into the habit of regularly tapping the same shoulders to offer new opportunities. Instead, Flux helps managers shine a spotlight on capable talent across the organization, highlighting individuals who may be a great fit and not know it, or not feel comfortable raising their hand. A study from Harvard Business Review found that while men generally feel comfortable applying when they meet 60 percent of the stated qualifications, women typically need to meet all the requirements in order to feel comfortable applying. Employees deserve clear visibility into their career trajectories and growth paths, and in a fair and bias-free way; Flux is an employee development platform that offers just that.

The platform sends personalized, part-time “gigs” to help employees learn new skills, develop expertise, or explore other organizations within the business, keeping them engaged and contributing to critical work. Flux objectively compares each individual employee in the business to every opportunity based on “whole human” factors including relevant skills, interaction dynamics, and work preferences to uncover the right person for the right role. 

Employees can also see how that work ties to their career goals helping them close skill and experience gaps while gaining a clear understanding of their growth path within the company. 97 percent of employees who have completed work through Flux report confidence in their ability to navigate their career within their current company.

“The legacy HR stack has focused on record-keeping and hiring new employees, not growing those who already made the decision to join. It’s like having sales without customer success. Your employees are your brand and your key to success,” said Stephanie Palmeri, partner at Uncork Capital. “Organizations have been craving a solution like Flux for years, which is why I’m thrilled to invest in this team and vision for improving the future of internal mobility and employee development.”

During the COVID-19 pandemic, Flux has seen 100+ percent growth in engagement as employees have found new ways to step up and businesses have found democratic ways to temporarily mobilize employees to assist overwhelmed teams across their companies, in some cases staffing critical projects in a matter of days all while remote.

“Hiring, growing, and retaining amazing talent is an extremely difficult process that needs constant nurturing, especially with everyone working remotely during the pandemic,” said Ron Storn, Chief People Officer at KeepTruckin. “Flux has delivered a unique and next-generation platform to make that process easy for employers while simultaneously empowering employees to learn and apply their skills, keeping them engaged in their work. Flux makes it operationally possible for employers to grow the business by growing their most important asset — their people.”

Flux was founded in 2018 by Ionita, COO Max Goodberg, and CTO Wei Wei, a team of enterprise business leaders who have seen success retaining employees through cross-department development initiatives and prioritizing employee success over new talent acquisition. The company has been operating in stealth to date, but is already serving employees in over 45 countries and working with a range of customers from early-stage startups to Fortune 500 corporations. 

About Flux
Flux is an internal mobility platform that helps employees grow while contributing to the work the business needs to get done. Employees are intelligently matched to opportunities they can excel at: from part-time projects and rotations, to learning, mentorship, or full-time roles. Companies gain full visibility into their workforce and fill roles faster while promoting a culture of recognition and progression. For more information, visit fluxwork.co.

About Uncork Capital
Uncork Capital is one of the first institutional seed-stage venture capital firms, founded in 2004, and they have backed companies such as Postmates, Fitbit, Eventbrite, SendGrid, LaunchDarkly and countless more. To learn more about Uncork please visit uncorkcapital.com.

About Amplify Partners
Amplify Partners invests in early-stage companies pioneering novel applications in machine intelligence and computer science. The firm’s deep domain expertise, unrivaled relationships with leading technologists and decades of operational experience, positions it uniquely with enterprise insight and the ability to serve technical founding teams. To learn more about Amplify’s portfolio and people, please visit amplifypartners.com.
 

Contact Information

James Christopherson

PR Manager

Flux

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