HRBoss, Asia’s Leading Provider of Cloud SaaS for the HR and Staffing Industries, Secures Series B $3.6 Million in Funding
on 22 Apr 2014
HRBoss, one of Asia’s fastest growing technology start-ups, today announced that it has secured $3.6 million USD in a Series B funding led by JAFCO, Asia’s leading private equity firm. This pushes the software provider's total funding to $12,000,000 US Dollars to date.
“We are thrilled to be able to continue working with JAFCO as our trusted partner. All HRBoss solutions have been designed and built from scratch in Asia for Asian businesses, so it only feels right for us to have an Asian investment firm backing us for success,” said Bernie Schiemer, CEO and Founder of HRBoss. “To come in on this Series B round clearly shows JAFCO's confidence in our ability grow HRBoss as category-leading company which is redefining the Data, HR and Recruitment technology space in Asia."
HRBoss will put the new funding towards accelerating its aggressive go-to-market strategy, supporting interests in Asia by expanding its existing foothold and also for their expansion into the US markets.
Schiemer continued, “The new capital, with the experience of our Japan’s leading investment firm behind us, gives us the power to accelerate growth and really hit the ball out of the park with innovative solutions. HRBoss’s first 3 years were about changing the way people think about HR and staffing software in Asia. On behalf of myself and our amazingly talented team at HRBoss, we are itching to put this funding to work and take HRBoss outside of Asia to delight new, international clients."
Since its launch in 2011, HRBoss has been Asia’s major disruptor in the Cloud SaaS HR and recruiting technology market. In 2013, HRBoss won two prestigious awards in Asia- Best Cloud Solution’ at SiTF Awards and ‘Best HR Big Data Solution’ at China HR Pioneer Awards. The Singapore headquartered company was, notably, the first Asian company to be honored at the Cloud Awards 2014, taking home of 'Best Software-as-a-Service' at the 2014 International Cloud Awards.
HRBoss clients range from government organizations and globally recognized corporations, including Changi Airport Group, Nissan, Michael Page, Audi, the Monetary Authority of Singapore (MAS) and the Economic Development Board (EDB).
JAFCO Co.,Ltd. is Japan's leading venture capital and private equity firm. Out of their portfolio, 946 companies have successfully completed IPO’s since their inception in 1973. They have established operations in Japan, Singapore, China, Taiwan, Korea and the USA.