Namely secured $50M in Series D
Namely, a NYC-based company that provides HR, payroll and benefits software for small to medium-sized businesses with 50-2,000 employees announced it has raised $50 million in a Series D round bringing its total funding to date to $157.8 million. To differentiate itself from Zenefits and the likes, Namely has been keeping busy introducing functionalities that ensure daily interactions with all employees. First, it built a news feed that employees can use throughout the day to stay up to date on everything going on within the organization. Also, it introduced a time management feature to manage hourly employees. Bottom Line: 650 satisfied clients and growing.