Namely raises $30M

What does Namely do?

Namely, is a modern all in one HR software platform for mid-market companies. It is the HR, Payroll and a benefits platform which the employees love. This HR software the employees can actually use and it is built to fit the company culture. You can manage all your HR data at one location. It has personalized service which helps the company in getting better and faster. This is used by some of the world’s exciting and innovation companies in fields of commerce, technology, media and a lot more.

How much Namely was funded?

Namely raised $30M in undisclosed round on February 23, 2016 from Greenspring Associates, True Ventures, Matrix Partners and Sequoia Capital.

Previous funding

• $1M on December 31, 2011 from Joe Zawadzki, Alan Schanzer,Greg Rogers, Mark Naples, Peter Shankman, Michael Kassan, Chris Ingram,  Wenda Harris Millard, Jonah Goodhart, Dave Morgan, Sarah Fay, Michael Barrett and Michael Lazerow
• $750k on October 18, 2012 from Jonah Goodhart, Dave Morgan, Greg Rogers, Michael Lazerow, Chris Ingram, Bullpen Capital and Lerer Hippeau Ventures.
• $4.7M on June 18, 2014 from True Ventures, Bullpen Capital, Lerer Hippeau Ventures and VaynerMedia
• $12M in Series B on November 4, 2014 from Matrix Partners, Lerer Hippeau Ventures, True Ventures and Bullpen Capital
• $11M on March 5, 2015 from Matrix Partners, Lerer Hippeau Ventures, True Ventures, Greenspring Associates andVayner/RSE
• $45M in Series C on June 18, 2015 from Sequoia Capital, Matrix Partners, True Ventures, Greenspring Associates and Lerer Hippeau Ventures

What is next for Namely?

The company has announced the expansion of its operations and the client milestones. The company plans to use the additional funding for continuing its investments in its core HR, payroll and the benefits technology and operations.

 More about Namely

Namely was founded on January 17, 2012 by Matt Straz. It has its headquarters in New York, New York.