<div>
  <ul>
    <li>
      <p>
        BoardClic, a board, and management team performance evaluation software provider, has raised EUR 1.2 million (~USD 1.18 million) in a funding round led by Subvenio, Curitas Ventures, and Brofund Equity.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The funds are to be used to strengthen its sales team, expand into additional markets across Europe, and build out its UK operations.
      </p>
    </li>
    <li>
      <p>
        BoardClic currently has ~250 customers, including the likes of Channel 4, Tele2, HgCapital Trust, and Husqvarna, up from ~70 clients at the time of its last funding round in 
        <a href="https://sp-edge.com/updates/5077">
          August 2021
        </a>
        .&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://tech.eu/2022/09/23/creating-real-tangible-value-for-boardrooms-swedish-platform-boardclic-picks-up-eur12-million/">
      Tech.eu
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/09/boardclic-raises-e1-2m-in-second-funding.html">
      FinSMEs
    </a>
  </p>
  <p>
    <a href="https://techfundingnews.com/female-led-boardclic-picks-up-e1-2m-to-expand-its-solution-that-brings-transparency-into-boards/">
      Tech Funding News
    </a>
  </p>
  <p>
  </p>
</div>


Remote Work Infrastructure

BoardClic raises EUR 1.2 million in funding

<div>
 <p>Rippling, an employee management platform, is negotiating to raise funds in a Series F round, which might total to USD 870 million, including a secondary investment of USD 670 million. Notable investors in this round consist of Founders Fund, led by Napoleon Ta, and Coatue, with participation from Greenoaks.</p>
 <p>The company has not formally announced how it intends to use the funds. However, its recent rapid growth, as demonstrated by the leasing of a large office space in San Francisco, suggests the money could be used for further expansion.</p>
</div>

Rippling to raise USD 200 million in Series F funding for expansion

<div>
 
<p>Factorial, an HR SaaS platform, has secured EUR 74.5 million (USD 79.4 million) in debt funding in a round led by General Catalyst. The funding will bolster Factorial's growth speed without negatively affecting its balance sheet or reducing the stakes of existing shareholders. Essentially, it will be used to acquire new customers and cover business expansion costs.</p>

</div>

Factorial raises EUR 74.5 million in Go-To-Market funding for business expansion

<div>
 <p>Workforce management platform Homebase has raised $60 million in a Series D round of funding, which was led by L Catterton Growth, with participation from Emerson Collective and previous investors Notable Capital and Bain Capital Ventures, among others.</p>
 <p>The funds will be used for further research and development to improve Homebase's standalone management system designed for Main Street businesses.</p>
 <p>Targeting the small business segment in the US that forms nearly 50% of the country's total GDP, Homebase aims to simplify the hourly team management process. Currently, it serves over 100,000 small businesses and hourly teams.</p>
 
</div>

Homebase raises USD 60 million to improve team management solutions

<div>
 <p>Borderless AI has raised USD 27 million in seed funding from Susquehanna, Aglaé Ventures, and other institutional investors. The company intends to use this funding to bolster GenAI, with the aim to streamline various global HR processes, such as onboarding, management, and payroll distribution for international teams.</p>
 <p>The company has launched an AI agent called Alberni, designed to solve complex global challenges and automate processes within 10 minutes. The goal is to simplify compliance, payments, tax law, and onboarding processes which have traditionally been complex and time-consuming.&nbsp;</p>
 <p>Borderless AI provides a global payroll solution that leverages the power of GenAI. The company's focus is to automate and accelerate the process of onboarding, managing, and paying international team members.</p>
</div>

Borderless AI raises USD 27 million in seed funding to improve AI offerings into global hiring processes

PROMINENT_CATEGORY

<div>
 <p>Employee benefits solutions provider, L’Atout, based in Paris, recently raised EUR 2 million (USD 2.2 million) in a pre-seed funding round. The Paris Region Venture Fund, which is managed by Karista and Bpifrance, contributed to this funding round.</p>
 <p>The funds raised will be employed to launch a new platform aimed at enhancing employee benefits and accelerating the company's development activities.</p>
 <p>L’Atout's main offering is a consolidated platform for all employee benefits, which features a user-friendly interface and a multi-benefit payment card. This system allows employers to assign specific monetary values to each benefit, thereby promoting transparency and ease of use.</p>
</div>

L’Atout raises EUR 2 million in pre-seed funding to launch new employee benefits platform

<div>
 <p>Vivup, a provider of health and wellbeing benefits, has partnered with the global rewards platform Perkbox. They have received strategic investment from a growth equity firm called Great Hill Partners.</p>
 
 <p>The collaboration will offer a broad range of benefits including employee wellbeing, engagement, recognition, and rewards. Vivup will focus on the public sector while Perkbox will provide employee discount schemes and reward technologies. This partnership can potentially enhance their product offerings and market capabilities.</p>
 
 <p>Vivup provides health and well-being benefits to public and private sector employees. It equips employers with necessary resources to build strong teams, retain top talent, and succeed in acquiring talent.</p>
 
 <p>Perkbox, on the other hand, has a worldwide presence, offering a benefits and rewards platform to various companies. It aims to improve employee contentment and engagement through an extensive Employee Value Proposition.</p>
 
</div>

Vivup partners with Perkbox; strategic investment from Great Hill Partners enhances UK’s employee benefits offering

<div>
 <p>Remofirst, a service provider specialising in employer of record services, has received a substantial injection of capital to the tune of USD 25 million in a Series A funding round. This funding round was spearheaded by Octopus Ventures, a European VC firm, and saw contributions from QED, Mouro Capital, and Counterpart Ventures.</p>
 <p>The aim of the funding is to enable Remofirst to increase its international market presence. A major part of this will be undertaking efforts to enhance its presence in the UK market.</p>
 <p>Remofirst offers a unique service where it facilitates the employment of its clients' workers in as many as 180 countries, and this service doesn't require the client to establish any local entities. This proposition makes it a cost-effective alternative to its competitors – Deel and Rippling.</p>
 <p>Providing a full suite of hiring services, Remofirst manages everything from payroll to taxes to employment regulations and compliance. Its impressive roster of clients includes Zocdoc, World Health Organization, and Mastercard, managing their international hires flawlessly.</p> 
</div>

Remofirst raises USD 25 million to expand global market presence

<div>
 <p>UAE-based startup, RemotePass, has successfully raised USD 5.5 million in a Series A funding round, led by 212 VC. Other key investors included Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, and Flyer One Ventures among others. </p>
 <p>Following this successful funding round, RemotePass is looking forward to utilizing the raised funds to enhance its product for enterprise use. It also plans to expand its operations in Saudi Arabia, where it has already experienced notable growth, and aims to tailor its services to meet the specific demands of the local market. </p>
 <p>RemotePass provides a comprehensive solution for onboarding, managing, and paying remote employees and contractors located in more than 150 countries for a diverse range of clients. Its client portfolio boasts of renowned names such as Spotify and Logitech. Initially functioning as a business travel management solution under the brand name SafarPass, the company shifted its focus and rebranded itself as RemotePass in late 2020. </p>
 
</div>

RemotePass raises USD 5.5 million for enterprise expansion and market growth

<div>
 <p>Compliance and payroll provider, Deel, has taken over Africa-based payroll and HR software company, PaySpace. The purpose of the acquisition is to improve Deel's payroll and HR services across Africa using PaySpace's advanced technology and expansive customer base. Deel is in the process of expanding its enterprise presence and intends for PaySpace to play a role in this expansion by growing the customer base.</p>
 <p>PaySpace is a cloud-based payroll and HR platform, serving over 14,000 customers in 44 countries. It boasts of prominent companies like Heineken and Coca-Cola amongst its clientele.</p>
 
</div>

Deel acquires PaySpace to strengthen presence in Africa

INCUMBENTS_PRESENT

<div>
 <p>Factorial, a human resources (HR) Software as a Service (SaaS) platform, has entered a partnership with Microsoft. The collaboration involves the integration of advanced content creation and Artificial Intelligence (AI) tools like Chat GPT-4 and Dall-E via Azure OpenAI. The main objective is to digitally transform the processes within HR departments.</p>
 <p>The alliance enables Factorial to use Microsoft Azure, which significantly enhances data security in handling personal and employee data. Factorial will also be utilizing Azure OpenAI's GenAI capabilities. These advanced services are designed for detailed data analysis and insights.</p>
 <p>The strategic initiative is intended to benefit Factorial's clients by providing better security, scalability, and efficiency in HR actions. This move strengthens Factorial's pledge to digitalize the people management processes of Small and Medium Enterprises (SMEs).</p>
</div>

All Updates