The funding round was also backed by the company’s existing investors including Intersouth Partners, Morgenthaler Ventures, Harbert Venture Partners, Noro-Moseley Partners, C&B Capital and Silicon Valley Bank.
PeopleMatter, whose software is designed for hourly workforces, plans to use the new funds to increase sales and marketing activity, expand its product portfolio and finance acquisitions.
Rob Theis, partner at Scale Venture Partners, said, “PeopleMatter is addressing a grossly underserved market with massive potential.
“Sixty percent of America’s workforce are hourly workers, PeopleMatter is addressing this sector with an integrated cloud and mobile platform for service-industry businesses to better manage their processes and employee retention.
“The company is setting a new standard for HR solutions for hourly workers and we are excited to be working with Nate and his team to scale their business and further disrupt the industry.”
A year ago PeopleMatter raised $14m in a round led by Morgenthaler Ventures.
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