PeopleDoc, a Paris-based provider of ‘Global HR Governance’ solutions, announced today that it has secured $17.5 million in a Series B funding round, led by Accel Partners, and also joined by previous investors (Update – May 2023: The startup seems to be no longer in business under this website, and we therefore deactivated the original link).
Founded in 2010, PeopleDoc is a pioneer in HR digitalisation, providing a cloud-based SaaS platform that gives big companies more global HR control with reduced administrative costs. It has already seen strong adoption and counts over 150 companies as customers, including Starbucks, Motorola and Total. The new funding will be used to grow PeopleDoc’s US and European market share.
PeopleDoc’s HR platform features a suite of complementary products centered on its digital file management system, which allows HR departments and organisations to organise, access, and track their employee and policy information. By federating disparate systems, paper, and processes, PeopleDoc creates secure master employee files that can then be accessed easily by authorised users. The platform, which is available in French and English, extends to digital payroll, e-signature and case management to keep the HR workflow simple and online. With a no-training-required interface and cloud implementation, large companies quickly realise ROI from savings in paper-related and administrative costs.
In Europe, PeopleDoc (also known as Novapost) has doubled its revenue every year since its start. Expanding on this success and planning for market growth, the French startup established offices in New York and Boston in late 2013 and has since been ramping up US sales and marketing efforts aggressively.
PeopleDoc CEO and Co-Founder Jonathan Benhamou stated: “We are very pleased to have Accel join us to go after this burgeoning market. US HR executives are increasingly looking for more streamlined, unified views of their dispersed HR information and to increase their governance processes to save time and money. Our expertise in this market overseas has already produced several deals with US-based, global companies in the quick few months we’ve been operating here.”
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