HR tech challenger GreenHRMS raises $200,000 in seed funding
HR management and employee monitoring solutions provider GreenHRMS has raised US$200,000 in a seed funding round led by Summit Ventures, with additional backing from SinGrowth and other angel investors.
This capital boost aims to position GreenHRMS as an up-and-coming HR tech company set to revolutionise workforce management.
Committed to innovation and customer satisfaction
GreenHRMS said it plans to use the capital to scale operations, enhance proprietary technology, and expand into new markets.
“This funding milestone reinforces our unwavering commitment to innovation and customer satisfaction. With this investment, we are poised to expand our reach, integrate advanced AI-driven technologies and continue empowering businesses across industries worldwide,” the company said.
Investors from Summit Ventures and SinGrowth believe GreenHRMS has showcased “remarkable growth” and an impressive governance structure. SinGrowth, in particular, has been an early investor.
With fresh capital at its disposal, GreenHRMS will focus on expanding market reach and advancing AI-driven technology.
GreenHRMS plans to broaden its footprint in international markets, targeting industries with complex workforce management needs, such as IT, BPO, BFSI, education, media, and telecommunications.
To stay ahead in the HR tech race, GreenHRMS will integrate generative AI, machine learning, and automation into its platform and enhance decision-making, user experience, and workforce efficiency.
The leadership is capitalising on AI and data analytics to enhance HR operations and foster a culture of efficiency and inclusivity, the company said.
The latest in HR tech funding
The past few weeks have seen HR tech companies concluding funding rounds.
Darwinbox recently secured $140 million in an effort to expedite its global expansion, particularly in the US. KKR and Partners Group spearheaded the round.
The investment is expected to place Darwinbox in the league of HR tech disruptors, especially in a market dominated by legacy HR systems.
“By placing the employee experience front and centre – and ensuring our platform is deeply configurable to diverse local needs – we have helped transform HR for enterprises globally,” said Darwinbox co-founder Jayant Paleti.
Meanwhile, AI-powered workforce management platform Helios raised $15.5 million in seed money as it provides global hiring, payroll, and compliance solutions to clients.
“Global workforce management is increasingly complex, with businesses navigating cross-border hiring, payroll regulations, and compliance requirements,” People Matters editor Samriddhi Srivastava reported.
Helios aims to “streamline these processes with AI-driven automation, offering businesses a unified platform to manage international teams more efficiently”.
Another contender in the space, Firstwork, has also garnered support through a $5 million seed funding.
What sets Firstwork apart from competitors is its focus on managing frontline and deskless workers. The company plans to modernise how this segment of the workforce is recruited, onboarded, and managed – an area where traditional HR systems have long fallen short, People Matters Global earlier reported.
“These frontline roles keep healthcare, logistics, and other critical services running, yet they’re stuck in a tech vacuum,” Firstwork co-founder Vardhan Kapoor said.