Moka, a Beijing, China-based provider of SaaS human resources services, closed a US$100m Series C financing.
The round was led by Tiger Global Management, with participation from existing shareholders Blue Lake Capital, GL Ventures, GSR Ventures and GGV Capital.
The company intends to use the funds to continue expanding into the HR sector by furthering the development of comprehensive SaaS-based HR solutions and continuing its commitment to product innovation and enhancement while stepping up efforts in recruiting and training talented professionals.
Led by CEO and co-founder Li Guoxing, Moka provides of SaaS-based HR solutions, including the Moka Intelligent Applicant Tracking System (a recruitment management platform) and Moka People (a human capital management system). To date, the company has expanded its business into over 25 sectors, among them, online, chain retail, biomedicine, intelligent manufacturing, finance and real estate, providing over 1,500 corporate customers with paid subscription services. Customers include Tencent, Xiaomi, Qihoo 360, McDonald’s, ANTA Group, Genki Forest, Intco Medical Technology, Dian Diagnostics Group, Contemporary Amperex Technology, Arm China, Panasonic, China Pacific Insurance and Vanke.
The company has also established a second headquarters in the Tianfu New Area, Sichuan province and entered into a strategic collaboration with the area’s government agencies to build product, service and marketing facilities there.