Klaar Raises $800,000 in Seed Round

by Kay Aloha Villamor in September 18th, 2023

Klaar, a Bengaluru, India-based HR technology platform, raised $800,000 in seed funding.

SaaS Investors

The round was led by Veda VC, with participation from DeVC, Kube VC, and individual investors, including Prabir Jha, Saurabh Nigam, Nimesh Mathur, Sumit Neogi, and Akshay Kejriwal.

Klaar Use of Funds

The funding will be used to strengthen the platform and expand the sales team to grow its customer base globally.

Founded in 2020, Veda VC Venture Capital is a venture capital firm based in Bangalore, India. The firm seeks to invest in early-stage companies operating in sectors such as enterprise SaaS, retail, gaming, insurance tech, education tech, fintech, electric mobility, consumer internet, and commerce.

About Klaar

Founded in 2022 by Sharthok Chakraborty and Atri Roy, Klaar is a performance management, talent development, and people engagement platform. The company’s mission is to empower people teams to foster a seamless culture of high performance, engagement, and continuous development. Klaar is used by Fortune 500 enterprises, unicorns, and startups in over ten industries, including Philips, ITC, Godrej, Urban Company, Razorpay, Gameskraft, and Lead School.

Klaar aims to streamline HR processes by automating and shortening tasks like 360 Nomination from four weeks to two hours, reducing administrative burdens. The company plans to set up new offices in the US this year.

Funding Details

Company: Klaar Digital Solutions Private Limited

Raised: $800K

Round: Seed Round

Funding Month: September 2023

Lead Investors: Veda VC

Additional Investors: DeVC, Kube VC, Prabir Jha, Saurabh Nigam, Nimesh Mathur, Sumit Neogi, and Akshay Kejriwal

Company Website: https://www.klaarhq.com/ 

Software Category: HR tech B2B SaaS platform

Source: https://www.peoplematters.in/news/funding-investment/saas-startup-klaar-raises-800k-led-by-veda-vc-39006


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