Namely Raises $12M in Series B Financing

namelyNamely, a New York-based provider of a HR and payroll platform, raised $12m in Series B financing.

The round was led by Matrix Partners, with follow-on participation from True Ventures, Lerer Ventures, and Bullpen Capital. In connjunction with the funding, David Skok, General Partner at Matrix Partners, is joining Namely’s board.

The company, which has now raised $22m ub total, intends to use the funds to expand sales, marketing and engineering teams (read here), as well as establish a major presence in New York’s Financial District next year in a 25,000sf space.

Led by founder and CEO Matt Straz, Namely provides an HR and payroll platform, with more than 20,000 employees and 150 companies on the platform. It allows users to collect and report on all of the data about people and teams, manage payroll, benefits, and time management, and broadcast updates, announce milestones, and give employees a place to communicate.



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