Namely, a New York City-based provider of human resources management platform, closed $4.7m in funding.
Backers included True Ventures, Lerer Ventures, Bullpen Capital and Gary Vaynerchuck‘s VaynerRSE.
The company is using the funds to launch payroll, benefits administration, and time management throughout the United States.
Led by Matt Straz, founder and CEO, Namely provides an end-to-end human capital management platform for companies to manage the entire human capital management process in a unified database. It features HRIS, performance management, time off tracking, team planning, and integrated reporting across their HCM, payroll, and benefits information.
The company currently serves over 100 clients including Mashable, Warby Parker, Hailo, Birchbox, and MDC Partners and more than 15,000 employees around the world.