High Street Partners (HSP), a global provider of international business services, has closed a $6.3m Series C financing round.
The round was led by Baird Venture Partners, with participation from existing investors Sigma Partners and Gold Hill Capital.
The company intends to use the funds to complete the development and staffing of its regionally focused Shared Services Centers and accelerate the addition of new features of its SaaS offering, called HSP OverseasConnect®.
In conjunction with the funding, Benedict Rocchio, partner at Baird Venture Partners, has joined HSP’s board of directors, which already included:
– Paul Flanagan, managing director of Sigma Partners,
– Gerard Phelan, vice president at RR Donnelly, and
– Larry Harding, founder & president of HSP.
The company currently offers cloud-based business services designed to simplify the management and control of international operations. They include signature solutions such as HSP OverseasDirect® and HSP OverseasConnect®, which integrate payroll, HR, bookkeeping, tax filing and legal compliance needs.
The company currently operates eleven global offices (in Annapolis, Atlanta, Boston, Miami, San Diego, San Francisco, San Jose, Hong Kong, London, Shanghai and Tokyo) serving over 350 clients including large, publicly traded companies, universities, and research institutions over 80 countries.
FinSMEs
10/08/2011