Thursday, March 28, 2024
Technology News
Trusted, Accurate, and Validated
Home / Business  / SyncHR Raises $16 Million

SyncHR Raises $16 Million

Human Capital Management (HCM) SyncHR Raises $16 Million
Credit: synchr.com

Enterprise IT startup SyncHR completed $16 million in financing. Six investors contributed to the round: New Enterprise Associates, Boulder Ventures, Grayhawk Venture Partners, EPIC Ventures, Acadia Woods Ventures, and Peninsula Ventures.

SyncHR is the Human Capital Management (HCM) cloud-based technology leader streamlining Core HR, benefits, payroll, and reporting in a single, enterprise-class application for mid-sized companies. Founded in 2010, the SyncHR team of industry veterans and visionaries has developed patented technology that saves time, increases productivity, and delivers superior economic value by simplifying the complexity of HCM through one robust application. The company’s dedicated services and customer care teams aim to deliver industry-leading implementation times, and the intuitive interface creates an enhanced user experience for employees and administrators.

In its announcement, the company said the investment positions the company to continue its rapid growth in its customer success and go-to-market teams, and to make additional investments in product development.