Beisen, the Chinese HR SaaS and talent management platform, has raised $260 million in a Series F funding round. SoftBank’s Vision Fund, Goldman Sachs, Chunhua Capital, and Fidelity International all participated in the round, as did Shan Capital China, Yuansheng Capital, and Shenzhen Venture Capital.
“The future 10 years of HR SaaS offerings will trend towards ‘integration and low-code development,’” said Ji Weiguo, Beisen’s co-founder and CEO, in a statement. “Beisen will continue to focus on this market opportunity, enhancing our product innovations and client service capabilities to empower the digitalization of China’s HR industry.”
Beisen, which offers iTalentX, a cloud-based HR SaaS and talent management platform, was founded in 2002. The company claims that its platform is used by more than 150,000 HR professionals and 20 million corporate employees.
This funding will be used to continue innovating its products, improve customer service, and recruit talent.
Announcement: Beisen Raises 260M$ for HR and Talent Platform