UK-based human resources (HR) software developer Beamery collected $138m yesterday in a series C round featuring software providers Microsoft and Workday as well as professional services firm Accenture.
The round was led by Ontario Teachers’ Pension Plan Board, which invested through its Teachers’ Innovation Platform, while venture capital firms EQT Ventures and Index Ventures also took part.
Microsoft, Accenture and Workday were represented through their respective corporate venturing units: M12, Accenture Ventures and Workday Ventures. The round valued Beamery at about $800m, sources told TechCrunch.
Beamery has developed an online platform used by organisations to better identify and select potential candidates for their job roles. The company’s offering also includes software tools for developing employer branding and increasing employee retention.
The proceeds of the series C financing will be used for product development, recruitment and the acceleration of Beamery’s commercial growth in new and existing geographic markets. It has raised at least $173m of funding since it was founded in 2014.
The company secured $28m in a 2018 series B round led by EQT Ventures that included Edenred Capital Partners, the venture capital subsidiary of corporate services provider Edenred, as well as M12, Index Ventures and Angelpad Fund.
Edenred Capital Partners had also participated in a $5m series A round for the company in 2017 that was led by Index Ventures and backed by LocalGlobe and GP Ventures, after joining HR technology provider Grupa Pracuj in a $2m funding round the year before. Workday Ventures was also described an existing investor this week.