<div>
  <ul>
    <li>
      <p>
        WFHomie, a Canadian employee engagement platform, has raised CAD 1.9 million (approx. USD 1.5 million) in a pre-seed funding round led by LOI Venture.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The fresh funds will be used for expansion across the US and Canada, hiring, and platform development.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20211215005076/en/WFHomie-Raises-1.5M-USD-to-Revolutionize-Employee-Engagement-for-Distributed-and-Hybrid-Teams/?feedref=JjAwJuNHiystnCoBq_hl-Ymqj4g6qAlg7edDzhXcztJcgiwDl5F89IquLVWUqfRVgLxDkSKfgoruKb9yWl5as-PbWreMWuYBefATrZ0EPTUKvKXA1G4lfyVQLpVttJwGBSvR87oUDgbHejiywQBpbg==">
      Press release
    </a>
  </p>
  <p>
    <a href="https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/wfhomie-raises-1-5m-usd-to-revolutionize-employee-engagement-for-distributed-and-hybrid-teams">
      Financial Post
    </a>
  </p>
  <p>
    <a href="https://betakit.com/wfhomie-raises-1-9-million-cad-to-help-companies-better-engage-retain-employees/">
      Betakit
    </a>
  </p>
</div>


Remote Work Infrastructure

Employee engagement platform WFHomie raises CAD 1.9 million in pre-seed funding

<div>

<p>Worky, a Mexico-based HR and payroll software solution provider, has successfully raised USD 6 million through a Series A funding round. This funding round was led by Atlántico, a Brazil-based company, with additional participation from ADP Ventures.</p>
 
<p>The company plans to utilize the funds to accelerate its product development process, improve sales and marketing strategies, and enhance team strength. Their goal is to streamline HR and payroll processes for various companies within Mexico.</p>
 
<p>Worky's main product offering is a platform designed to digitize payroll operations and HR management. This approach is not only more efficient, but also supports regulatory compliance.</p>

</div>

Worky raises USD 6 million for product development and improved sales

<div>
 <p>Sesame HR, a Spanish HR software provider, has secured EUR 23 million (~USD 25 million) in a funding round led by GP Bullhound with participation from PSG.</p>
 <p>The company will use the funds to expand its software capabilities and extend its global reach. Sesame also has plans to introduce new verticals and launch financial features, with the aim of becoming an all-in-one HR management tool.</p>
 <p>Sesame is committed to offering a comprehensive hub for all HR operations, emphasizing the promotion of employee development and wellness.</p>
</div>

Sesame raises EUR 23 million for market and product portfolio expansion

<div>

<p>Alleo, a Dutch employee benefits platform formerly called Yourcampus, has raised EUR 5 million (~ USD 5.3 million) in Series A funding. The round was led by Mediahuis Ventures and saw participation from existing investors like Newion, Dutch Founders Fund, and ROM InWest. In addition to announcing this funding, Alleo also shared news of its rebranding from "YourCampus".</p>
<p>The capital raised will be mainly utilised by Alleo to penetrate deeper into larger corporate markets and strengthens its foothold in the German market.</p>

</div>

Alleo raises EUR 5 million to accelerate global expansion expansion

<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>

All Updates

Employee engagement platform WFHomie raises CAD 1.9 million in pre-seed funding

Worky raises USD 6 million for product development and improved sales

Sesame raises EUR 23 million for market and product portfolio expansion

Alleo raises EUR 5 million to accelerate global expansion expansion

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

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

Homebase raises USD 60 million to improve team management solutions

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

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

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

Remofirst raises USD 25 million to expand global market presence

Remote Work Infrastructure

Employee engagement platform WFHomie raises CAD 1.9 million in pre-seed funding

Contact us