China-based human resources software and outsourcing services provider Microseer has secured $30m in a round led by JD Finance, e-commerce group JD.com’s financial services affiliate, China Money Network reported today.
Microseer combines cloud-based software and IT outsourcing services to help businesses fulfil a variety of HR functions, including recruitment, salary payments, social security and employee evaluations.
The company, which claims to have served more than 68,000 companies in its home country, will invest the funding in marketing and product development.
The round follows an undisclosed amount raised by Microseer in a series A round featuring IDG Capital Partners, the local venture capital affiliate of media and event company International Data Group, as well as other China-based investors.
JD.com launched JD Finance in January this year with $1bn of capital from a consortium including insurance firm China Taiping Insurance, Sequoia Capital China and China Harvest Investments.