Human resources company Namely announced today that it has raised $12 million in a second round of funding.
Namely provides tools to manage services such as payroll and benefits, performance management, employee engagement, recruiting, and more.
While many other companies in the HR space focus solely on the recruiting piece of talent management, Namely handles all aspects of a company’s interactions with employees.
Namely competes with fellow HR companies like TribeHR, Zenefits, Workday, and many others. It now serves more than 20,000 employees from 150 companies, including Birchbox, Slack, Quirky, Rent the Runway, Saatchi & Saatchi, and Warby Parker.
Matrix Ventures led the round, with additional participation from True Ventures, Lerer Ventures, and Bullpen Capital. Matrix Partner David Skok will join Namely’s board of directors as part of the deal.
Namely was founded in 2012 by Matt Straz and is based in New York City. The company had previously raised $10 million in funding.