Beisen secures $100 Mn in series E round funding from Matrix partners and others | TechGraph

Beisen secures $100 Mn in series E round funding from Matrix partners and others

Beisen, a China-based human resource software as s service (SaaS) provider, has raised $100 million in series E round funding from Matrix Partners and Hong Kong-based investment Genesis Capital including the participation of Sequoia Capital China.

In a statement issued by Ji Weiguo, Co-founder and CEO of Beisen said: “The new round of funding will be used to enhance the company’s talent management software, improve its consumer services, develop new technologies and facilitate innovation in business and market operation.”

Founded in 2002, Beisen launched iTalent, a one-stop talent management software platform in China which help the company to provide a wide range of human resource services including talent assessment, recruitment management, performance management, staff feedback, succession, and development.

Till October 2018, the company claims to have more than 5,000 enterprise users including some large and medium-sized companies from the sectors like finance, real estate, automobile, and the Internet.”

Ji Weigo, added “Beisen plans to double its enterprise user base to 10,000 by next three years.”