US-based human resources management software provider Vndly completed a $35m series B round on Tuesday featuring enterprise software producer ServiceNow.
The round was led by private equity and venture capital firm Insight Partners and included Battery Ventures, Hyde Park Venture Partners, Epic Ventures, Bowery Capital and Cintrifuse Syndicate Fund.
Founded in 2017, Vndly has built a cloud-based platform that lets recruitment managers allocate work to both full-time employees and non-permanent personnel such as freelancers.
The software incorporates a data science-powered engine that recommends potential candidates for each position, as well as centralised interfaces for managing onboarding, contracts and wages.
Vndly will put the series B proceeds into product development, improving customer support and driving international growth.
Shashank Saxena, Vndly’s co-founder and chief executive, said: “We are incredibly excited about this new round of funding and the investments it enables us to make. We are extremely grateful and humbled by the trust and faith our customers and the investment community have placed in us.”
Battery Ventures and Hyde Park co-led Vndly’s $11m series A round in February this year, investing together with Epic Ventures, Bowery Capital and Cintrifuse. It had secured $3m in a July 2017 seed round that was led by Bowery Capital and backed by Epic Ventures and Vine Street Ventures.