ThinkHR Secures $3M in Financing from SaaS Capital

Funding Rounds

▤ Summary

ThinkHR, a Pleasanton, Calif.-based provider of comprehensive cloud-based HR resource center, secured $3m in financing from SaaS Capital.The company intends to use the funds to develop and deliver new products and expand into new markets, such as small and medium-size businesses.Founded in 2005 by Pete Yozzo, CEO, ThinkHR provides users with a cloud-based HR resource center that offers a combination of online compliance and employee training solutions, as well as a live HR hotline staffed by seasoned HR advisors to help companies ensure HR compliance, resolve people issues, and implement best practices and training to optimize employee performance.It recently acquired HR That Works (read here) In addition to the financing, Steve King, a Silicon Valley executive and current ThinkHR board member, was named chairman of ThinkHR.FinSMEs 01/04/2014

$ Funding

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Amount $3.0M Total raised
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Date April 1, 2014 Announcement date
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Investors ThinkHR, SaaS Capital Lead investors
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Company http://www.thinkhr.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
HR Software Compliance Software Learning Management System (LMS)

▦ Linked Companies

Mineral
$50M to $100M