Replicon Raises $20M in Series A Funding

Replicon, a Calgary, Alberta, Canada- and San Mateo, Calif.-based provider of software to track employee time and expenses, raised $20m in a Series A funding.

The round was led by Emergence Capital Partners and The Social+Capital Partnership.

The company intends to use the funds to continue the development of its direct sales channel and to extend its reach internationally into Europe and APAC.

Co-founded in 1996 by Co-CEOs Raj Narayanaswamy and Lakshmi Raj, Replicon provides cloud-based time tracking applications for companies to manage workforce attendance, projects, professional services organizations, and shared services resources.
Customers include more than 7,800 companies.



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