Klaar, a Bengaluru, India-based HR technology platform, raised $800,000 in seed funding.
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.
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.
Company: Klaar Digital Solutions Private Limited
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