Ukrainian startup PeopleForce raises $5.4 million in investment to further grow in the Polish and Latin American markets
The raised funding will accelerate PeopleForce's scaling and strengthen the company's development in the HR tech sector.
The raised funding will accelerate PeopleForce's scaling and strengthen the company's development in the HR tech sector.
PeopleForce positions itself as a leader in HR tech, with over 1,300 clients in 30+ countries and over 100,000 active users. The new investment is the result of an 80% ARR growth in 2024, driven by the platform's ability to offer adaptive HR solutions that scale with the business, PeopleForce told dev.ua.
The funding will help PeopleForce strengthen its position in Poland and Latin America, two key regions with active markets. The HR platform is used by leading players in the Ukrainian market, including GoIT, Tickets.ua, Kasta, Room8 Studio, N-iX, as well as TestDevLabs, Paysera, and Ajax Systems worldwide.
"Over the past year, we have achieved 2.5-fold ARR growth in Poland and Latin American countries. Thanks to investments, we plan to scale local GTM teams and strengthen the automation of HR processes taking into account the specifics of the regions, which will allow our clients to achieve better results," said Mykola Mikhailov, Co-CEO of PeopleForce.
PeopleForce will direct the attracted investments towards development in the following areas:
- Expansion of GTM and support teams in Poland, Mexico and Colombia
- Launching localized automation functions taking into account requirements for compliance with legal regulations and cultural characteristics of regions
- Investments in AI-based analytics and integrations
- Strengthening support for a growing corporate customer base through improved onboarding and service
PeopleForce is an all-in-one HR platform designed to deliver the best employee experience and automate HR processes at every stage of the employee lifecycle. The total number of active users of the HR platform is over 90,000. The main goal of PeopleForce is to automate routine tasks, freeing up time for HR professionals to focus on the company's talent and their development.
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