BoomerangHR Raises $12.7M Seed to Automate Employee Offboarding and Alumni Management

BoomerangHR Secures $12.7M Seed Round

BoomerangHR, a New York-based AI-powered platform for employee offboarding and alumni management, has raised $12.7 million in seed funding. The round was led by Album Ventures, with participation from Monta Vista Capital, Capital Eleven, Kalos Ventures, and Strada Education Foundation.

Founded in 2023 by Jeff Wald alongside co-founders Kanish Raajkumar, Andrei Tulai, and Mallory Meiser, BoomerangHR addresses a critical but often overlooked part of the employee lifecycle: the exit.

What BoomerangHR Does

The platform connects directly to corporate HRIS and ATS systems to automate the entire offboarding process. This includes:

• Compliance management
• COBRA administration
• 401(k) rollovers
• Equipment returns
• Exit interviews

Beyond administrative automation, BoomerangHR maintains verified alumni profiles that are automatically matched to open roles. This turns former employees into a strategic source of rehires, referrals, and sales leads.

At the time of its seed announcement, the platform was used by hundreds of companies, with Warby Parker among its early customers.

Market Context

Employee offboarding is typically a manual, fragmented process that creates compliance risk and misses opportunities to maintain positive relationships with departing talent. BoomerangHR's approach combines automation with an alumni network that can deliver ongoing value to employers.

The company's focus on verified alumni profiles and automatic role matching positions it at the intersection of HR technology and talent acquisition. By treating former employees as a pipeline rather than a loss, BoomerangHR offers a differentiated approach to talent management.

Funding Details

• Round type: Seed
• Amount: $12.7 million
• Lead investor: Album Ventures
• Additional investors: Monta Vista Capital, Capital Eleven, Kalos Ventures, Strada Education Foundation
• Announcement date: September 14, 2026

Implications

With this funding, BoomerangHR is positioned to expand its platform at a time when companies are increasingly focused on efficiency and compliance in HR operations. The involvement of Strada Education Foundation, an organization focused on education-to-employment pathways, suggests potential alignment with workforce development and alumni engagement strategies.

The seed round provides capital to scale a platform that already counts hundreds of companies as users, including a recognizable brand in Warby Parker. For acquirers in the HR technology space, BoomerangHR represents a specialized asset in offboarding and alumni management—a niche that complements broader HRIS and talent management suites.