Namely Partners with Sequoia and Raises $45 Million Series C Round
Summary
NEW YORK--(BUSINESS WIRE)--Namely, the leading HR software platform for growing companies, announced today that it has partnered with Sequoia and raised $45 million in Series C funding. Our goal at Namely is to help exciting small- and mid-sized companies grow by more effectively managing the resource most critical to their future success: their people,” said Matt Straz, founder and CEO of Namely. "Namely sets itself apart with unparalleled customer service and an intuitive product that scales with your company," said Pat Grady, Namely board member and partner at Sequoia. Today, the company announced that it has opened a new San Francisco office and plans to increase its footprint in New York City as well, moving into a new, larger headquarters later this year with a 500-person capacity. In partnering with Sequoia, companies benefit from our unmatched community and the lessons we’ve learned over 40 years working with Steve Jobs, Larry Ellison, John Morgridge, Jerry Yang, Elon Musk, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko and Jack Dorsey, among many others.
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