Namely Raises $30M in Funding

Namely, a New York City-based provider of a HR software platform for mid-market companies, raised an additional $30m in funding.

The round was led by existing investor Sequoia Capital with participation from Matrix Partners, True Ventures and Greenspring Associates.

The company, which has raised $107.8m in total funding to date, intends to use the capital to invest in its core HR, payroll, and benefits technology and operations, and expand its integrations.

Led by Matt Straz, founder and CEO, Namely provides an HR platform that allows companies to handle all of their HR, payroll, benefits, and talent management coupled with dedicated account support.
The platform is currently used by over 400 clients with over 60,000 employees globally.

The company is also opening a new sales office in Austin, Texas, and is expanding its New York and San Francisco operations.



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