PeopleDoc receives $17.5 million in funding

Posted May 15, 2014

PeopleDoc is a company that lets users manage every human resources document online through a SaaS cloud-based HR system for employee file management. PeopleDoc has raised $17.5 million in Series B funding led by Accel Partners with participation from Alven Capital and Kernel Investissements.

The company will be using the funding to expand from 60 employees to nearly 200 by the end of the year. It will also use the funding to open new offices in the U.K., Germany, and Japan.

The software lets large enterprises aggregate payroll, policy, and other systems into secure master files that authorized employees can access through the cloud.