Namely raises $50M in Series D

What does Namely do?

Namely, is the leading HR platform for middle sized companies. This is an all rounder HR platform which manages all the HR data. This platform is the payroll, HR and benefits platform which employees will love. At last, there is HR software which employees can use actually- built for fitting your company culture. Now companies can manage all of their HR data in one place, with customized service for helping companies in getting faster and better. This platform is used by some of the most innovative and exciting companies in technology, media, commerce etc in the world.

How much Namely was funded?

The company raised $50M in Series D on January 5, 2017 from Four Rivers Group,  True Ventures, Greenspring Associates, Matrix Partners,  Scale Venture Partners, Sequoia Capital and  Altimeter Capital

Previous funding

$1M on December 31, 2011 from Joe Zawadzki, Greg Rogers, Mark Naples, Alan Schanzer,  Chris Ingram, Peter Shankman, Michael Kassan, Dave Morgan, Wenda Millard, Michael Barrett, Sarah Fay, Jonah Goodhart and Michael Lazerow

$750k on October 18, 2012 from Jonah Goodhart, Dave Morgan, Greg Rogers, Chris Ingram, Lerer Hippeau Ventures, Michael Lazerow and Bullpen Capital

$3.35M in Series A on June 11, 2013 from Michael Lazerow, Lerer Hippeau Ventures, Bullpen Capital and True Ventures

$4.7M in undisclosed round on June 18, 2014 from True Ventures,  Bullpen Capital, Lerer Hippeau Ventures and Vayner Media

$12M in Series B on November 4, 2014 from Matrix Partners, Lerer Hippeau Ventures, True Ventures and Bullpen Capital

$11M in undisclosed round on March 5, 2015 from Matrix Partners,  Lerer Hippeau Ventures, True Ventures, Greenspring Associates and Vayner/RSE

$45M in Series C on June 18, 2015 from True Ventures,  Lerer Hippeau Ventures, Matrix Partners,  Sequoia Capital and Greenspring Associates

$30M in Series D on February 23, 2016 from True Ventures,  Greenspring Associates, Sequoia Capital, Four Rivers Group and Matrix Partners.

What is next for Namely?

Namely will use the funding for helping mid sized companies all over the country in better managing their workforces.

More about Namely

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