![]() Namely provides employee benefits-related insurance services through Namely, Inc., Namely Employee Benefits, LLC, or other Namely affiliates (“Namely”). For more information, visit Important Notice Headquartered in New York City, the company has raised $157.8 MM from leading investors, including Altimeter Capital, Scale Capital, Sequoia Capital, Matrix Partners, and True Ventures. Namely is used by over 650 clients with over 120,000 employees globally. Namely time software#Coupled with dedicated account support, every Namely client gets the software and service they need to deliver great HR and a strong, engaged company culture. Namely’s powerful, easy-to-use technology allows companies to handle all of their HR, payroll, and benefits in one place. Namely is the first HR platform that employees actually love to use. We are thrilled to partner with Namely as they continue to transform the industry.” “They’ve made HR a differentiator for their clients-providing the best possible experience for employers and employees alike. “Namely is truly the leading HR platform for mid-sized companies everywhere,” adds Stacey Bishop, partner at Scale Venture Partners. The company has recently welcomed VP of Product, Brian Crofts (formerly of TurboTax, QuickBooks), Chief People Officer, Nick Sanchez (formerly of LinkedIn, Trulia), and VP of Legal & Compliance, Manuel Martinez-Herrera (formerly of MetLife). ![]() To support the expansion, Namely has enlisted an experienced leadership team. In 2016, the company hired over 100 employees, expanded its New York headquarters to include a product and technology floor, moved into a new office in San Francisco, and opened an office in Austin to better support its fastest-growing region, the central United States. To date, Namely supports over 650 clients, representing 120,000 employees and $4B in annual payroll processed. Namely time series#The Series D investment speaks to the company’s tremendous growth. These are the companies driving innovation, and we’re fortunate to support them in building better workplaces where their people can do amazing things.” “We’re proud to fulfill this promise for mid-sized companies. “From day one, our mission at Namely has been to create an HR platform that employees love to use,” says Matt Straz, Founder and CEO of Namely. Namely Health Advantage allows mid-sized companies to offer their employees flexible, high-quality healthcare plans at preferred rates typically available only to larger companies. To help employers tackle another key challenge-rising healthcare costs-Namely is also announcing the company’s new benefits offering. Hourly workers make up 58.5% of the American workforce, and this new offering is especially impactful for those industries that employ a large number of hourly workers, including healthcare, retail, and manufacturing. By adding time management together with HR, payroll, and benefits, Namely now supports all the core HR needs of mid-sized companies. ![]() Namely’s time and attendance solution includes both software and hardware to manage hourly employees. In addition, Namely is introducing time management as a core feature on the platform. “Altimeter is excited to partner with Namely and support their continued growth.” “Namely has built an exceptional HCM product for the mid-market and is well positioned as the industry continues to shift to cloud-based end-to-end solutions,” says Nikhil Sachdev, Partner at Altimeter Capital. ![]() New investors Altimeter Capital and Scale Venture Partners lead the round, alongside previous investors, which include Sequoia Capital, Matrix Partners, and True Ventures. This $50M round brings the total financing raised to $157.8M and represents the largest venture capital round in the fast-growing core HR technology industry in the past year. New York – Janu– Namely, the leading HR platform for mid-sized companies, today announces the close of a Series D round of financing. Namely time professional#
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