Kyiv-based HR platform PeopleForce has secured $5.38 million in a pre-Series A round, co-led by Pracuj Ventures and u.ventures. The fresh funding will enable the startup to expand its operations in Poland and LATAM.
- PeopleForce was founded in 2018 by Andrew Cetinick. The firm develops a modern, all-in-one HR platform designed to streamline the entire employee experience and automate HR processes across the employee lifecycle.
- The firm focuses on flexibility and customization, offering six core modules, CoreHR, Recruit, Perform, Pulse, Time, and Desk, that enable companies to tailor the platform to their unique HR needs.
- PeopleForce integrates easily with existing tools and provides mobile access, real-time analytics, and workflow automation, making it a valuable solution for HR professionals, managers, and teams.
- The company has over 1,300 clients across more than 30 countries, with over 100,000 active users on its HR platform. It is trusted by global companies, including industry leaders like Deloitte, Rakuten, Reply, Merxu, Ajax, and eSky.
Details of the deal
- The round was led by Warsaw-based VC Pracuj Ventures, which focuses on early-stage HR and EdTech startups, and u.ventures, a Chicago-based VC specializing in early-stage technology companies with global growth potential. Dnipro VC also participated in the round.
PeopleForce's innovative approach to HR automation positions them as a leader in transforming human resources management. The team has demonstrated a clear strategic vision and the ability to execute effectively. Their commitment to delivering exceptional value to clients aligns perfectly with our investment philosophy," Managing Partner at Pracuj Ventures, Pawel Leks, stated.
- PeopleForce will use the new funding to expand its teams in Poland, Mexico, and Colombia, launch localized automation features for regional compliance, and invest in AI-driven HR analytics and integrations.
- Additionally, the company plans to enhance onboarding and support services to better serve its growing enterprise client base.
Our product roadmap is built in close collaboration with our customers to ensure the HR solution we deliver meets the evolving needs of the HR tech industry. This funding will allow us to scale our efforts and launch the features that will strengthen our position as an HR hub," Founder and CEO at PeopleForce, Andrew Cetinic, commented.
