flex Secures $32 Million in Series B  

by Kay Aloha Villamor in January 19th, 2022

flex, a South Korea-based human resources management platform, announced that it closed a $32 million Series B round at a valuation of $287 million. 

The latest funding, which brings its total raised to $42 million, was led by Greenoaks, with participation from DST Global Partners.  

The two-year-old startup will use the proceeds to scale operations to meet demand, advance its HR automation and SaaS products and increase its headcount. It also plans to launch performance review and talents relation management tools in the first quarter of 2022. 

Company: flex corp.

Raised: $32.0M

Round: Series B

Funding Month: January 2022

Lead Investors: Greenoaks

Additional Investors: DST Global Partners

Company Website: https://flex.team/

Software Category: Human Relations Platform

About the Company: flex focused on growing in South Korea by offering a SaaS solution that modernizes the HR functions and processes, which have been slow to adapt to technical progress over the past 20 years. The startup’s mission is to enable corporations to automate and streamline manual human resources work processes and focus more on people. Its automation tools optimize the employee experience to ensure seamless data flow across groups for use in payroll, e-signature support, on/offboarding, and people analytics. flex, empower customers with a reliable source of employee data and a rich set of tools to manage their people, maximizing individual and organizational performance. 

Source: https://techcrunch.com/2022/01/17/south-koreas-hr-software-platform-flex-raises-32m-series-b-at-a-287m-valuation/

 

 


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