PeopleForce raises $700k to expand its HR Management solution for SMB’s in frontier markets

PeopleForce, an HRM solution based out of Kyiv, Ukraine, announced that they have closed their latest round of $700k led by Sturgeon Capital, with the participation of other strategic investors. The capital injection will be used to develop new features, grow the internal team, expand into new markets, and increase brand awareness.

PeopleForce offers an all-in-one platform to support businesses in onboarding, hiring, time tracking, performance management, employee engagement and much more. They provide integrations for productivity tools such as Google, Slack, Zoom and Teams to seamlessly integrate with the existing tools you use today. The five separate modules allow flexibility for customers adopting a HRM software into their business for the first time.

PeopleForce has a global footprint across 14 countries managing over 60,000 employees. Brand names such as: Rakuten, BMW, Ajax Systems, Parimatch, ARX, SeRanking, SkyUp, and Reply.io trust PeopleForce to manage their workforce on a daily basis.

“Over the past few years we have witnessed PeopleForce becoming the leading solution for HRM software across the CIS region. The company holds a strong USP and company values in customer obsession and innovation that helps us expand into new markets.

We are continuously bringing new updates and enhanced features, whilst ensuring the highest level of customer support. This investment will bring us closer to our goals and help us expand into other markets” said CEO and founder Andrew Cetinic.

“We believe that Peopleforce has the team, product, and local expertise to be the leading HRM solution in both the CIS region and other frontier markets. Today there are limited solutions that offer local language and integration support, while more and more companies are understanding the importance of digitalising their business processes, and so there is a significant opportunity for Peopleforce to capture,” said Kiyan Zandiyeh, Sturgeon CEO.

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