Asia’s leading HR technology platform Darwinbox accelerates Middle East expansion

Asia’s leading HR technology platform Darwinbox accelerates Middle East expansion

Dubai, UAE:Darwinbox, Asia’s fastest-growing HR tech platform, has leaped to a unicorn valuation in its latest USD72mn funding round, with the Middle East and North Africa (MENA) region identified as a key growth market in its next chapter of global expansion. The company’s valuation now crosses the USD1bn mark and takes the total investment raised by the company thus far to over USD110mn.

The latest fundraising round has been led by the US-based Technology Crossover Ventures (TCV) along with participation from Darwinbox’s existing strategic investors Salesforce Ventures, Sequoia Capital, and Lightspeed Ventures. The company has grown 200% since the last fundraise from Salesforce Ventures exactly 12 months ago and has added more than 700,000 users on the platform in this short period.

Founded in 2015, Darwinbox’s cloud-based Human Capital Management (HCM) platform caters to private and public sector HR needs across the entire employee lifecycle. The new-age HR tech platform is powering digital HR for more than 1.5mn employees from 650+ enterprises across the globe. Darwinbox supports leading global brands like Nivea, Starbucks, Sephora, Zara, and AXA, along with Lulu Group, Aramex, and Mobily Infotech in the region.

The new funding will supercharge Darwinbox’s plans by allowing the company to accelerate its platform