Immedis, a Dublin, Ireland-based specialist provider of enterprise technology solutions for global payroll and mobility tax services to multinationals, secured €25m in strategic funding.
The investment was made by Scottish Equity Partners.
The company intends to use the funds to expand further into growing markets across the US, EMEA and APAC.
Part of Terry Clune’s global financial technology company Taxback Group and led by CEO Ruairi Kelleher, Immedis provides a cloud-based solution, iConnect, which uses robotic process automation, AI and data visualisation to simplify the management and reporting of global payroll coupled with on-the-ground teams of tax experts providing customer service across payroll and employment tax advisory.
The company, which has grown from 10 employees in 2016 to over 170 people today over the past 24 months, has plans to increase headcount further, with over 200 new roles planned over the next 18 months, to support ongoing expansion. The roles will include experts in tax, compliance, IT, software development, marketing, finance, and sales.
Clients includes Uber, Wayfair, First Derivatives, NYIT, and DCC.
Immedis also has offices in Kilkenny, New Jersey, Sydney and Varna.