eRoad Raises $140 Million in Series D   

by Kay Aloha Villamor in November 25th, 2022

eRoad, a Shanghai, China-based HRTech firm, has raised 1 billion yuan ($140 million) in its Series D funding round to upgrade Platform-as-a-Service (PaaS) products to better serve large and medium-sized enterprises globally.

The round was co-led by one strategic investor and one financial investor with the participation of multiple existing shareholders.

This round of financing will be used to accelerate the continuous upgrade and iteration of the digital intelligent HCM SaaS platform, "Yilu People+" products, and further improve the human resources "system + service" PaaS platform and ecosystem building to achieve value symbiosis in the industry.

eRoad owns a variety of products and services, such as Yilu People+, Yizhang·Workspace, Yihealth, Yitu, Yixin, People+D-Insight, etc., and is committed to building a human resources "system + service " PaaS platform. 

Company: Shanghai Yilu Software Co., Ltd.

Raised: $140.0M

Round: Series D

Funding Month: November 2022

Lead Investors: Undisclosed 

Additional Investors: 

Company Website:

Software Category: Digital Solutions for Human Resources 

About the Company: Founded in 2004, eRoad provides comprehensive digital solutions for human resources, with salary as the core, for medium and large enterprises, including core human resource management, salary management, workforce management, talent development, data insights, etc. It serves over 300 enterprises across 20+ countries and more than 310 domestic cities to improve the digital efficiency of human resources, and more. eRoad’s clients include Jin Jiang Hotel, a Chinese state-owned hospitality group that runs about 5,500 hotels in the country, and consumer electronics and home appliance manufacturer TCL Technology. eRoad has over 700 employees across its headquarters and branch offices in Beijing, Chengdu, Guangzhou, Shenzhen, and Hong Kong,


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