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Accel leads $17.5m Series B for global HR business PeopleDoc

15 May 2014

human team networkAccel Partners has injected funding into global HR governance business PeopleDoc as part of a $17.5m Series B round.

Previous investors Alven Capital and Kernel Investissements also took part in the round, which will be put towards expanding PeopleDoc’s US and European market share.

The company counts Starbucks, Total, Dow Chemical and Motorola among its customers.

In Europe the company, which is known as Novapost, has doubled its revenue every year since its inception in 2010.

Accel partner Philippe Botteri 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.

“We look forward to supporting its continued global expansion in the HR cloud space.”

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