PeopleSpheres, a Paris, France-based developer of a SAAS solution for HR, announced the completion of a €8.5 million ($10.3M) capital investment round. The money was raised from investors from France, including Omnes, Irdi Capital Investissement, UL Invest and SWEN Capital Partners.
PeopleSpheres, founded in 2018 by CEO Philippe Bloquet, developed a PaaS (Platform as a Service) solution that allows companies to connect and synchronize all their SaaS HR software. The tool connects employees, managers and HR managers via a simple and unified interface, being able to administrate the HR ecosystem of companies with 250 to 20,000 employees.
The company says it handles business for more than 260 customers.
Proceeds will be used for growth support and prepare for its international expansion.
Announcement: PeopleSpheres Raises $10M for HR PaaS Integration