PeopleDoc, a human resources management platform aiming to streamline personnel documentation and monitoring, has raised $17.5 million in Series B funding from Accel Partners and previous investors that include Alven Capital, an independent VC firm based in Paris, and Kernel Investissements of Pierre Kosciusko-Morizet, the founder and former CEO of Priceminister. The company said new funds will boost their growth in the U.S. and European markets.
PeopleDoc was founded in 2007 by French Novapost S.A.S., a leading provider of personnel file management systems in France, in order to expand the latter’s knowhow and business to digital sectors. The cloud-based SaaS platform has a core file management system for personnel documentation complemented by a suite of additional features which allows HR departments and organizations to organize, access, and track their employee and related procedures.
The company is headquartered in Paris and has offices in New York and Boston, operating under the name Novapost in Europe and PeopleDoc in the rest of the world. It says their revenues double every year, serving a current client base counting over 150 companies including Dow Chemical, Total, Motorola, Starbucks and Nespresso.
PeopleDoc CEO & Co-Founder Jonathan Benhamou said the new funding will help them go after challenging U.S. market. Philippe Botteri, a partner at Accel Partners in London, said “We are very excited to invest in a fast growing company defining the new market of Global HR Governance. PeopleDoc’s cloud-based solution has seen impressive traction on both sides of the Atlantic, and its very intuitive interface and ease of deployment are praised by its clients.”