Moka, a six-year-old Chinese language startup that wishes to make human assets administration simpler with software program, mentioned at the moment it has closed a $100 million Sequence C spherical.
The startup goals to automate the complete means of expertise administration, from hiring to retaining present employees. For instance, it will possibly mechanically gather post-interview suggestions from candidates and retailer that data in a database. It could actually additionally alert employers when employees make adjustments to their resumes, which signifies they might be mulling new alternatives.
The newest funding was led by Tiger International with participation from Blue Lake Capital, GL Ventures — the early-stage arm of the storied Hillhouse Capital, GSR Ventures and GGV Capital.
The brand new spherical got here simply over a yr after Moka earmarked $43 million in a Sequence B spherical. The corporate mentioned it has reached the “unicorn” standing however declined to reveal its actual valuation. Its streak of fundraising success little question displays rising investor curiosity in startups that assist increase enterprise productiveness, as consumer-oriented web providers, from gaming to quick movies, face enhanced regulatory restrictions.
Moka mentioned it has collected over 1,500 paid shoppers together with Tencent, Xiaomi, McDonald’s, and Arm China, with an annual retention fee of over 110%. Its CEO Li Guoxing, a Stanford grad, claimed in a earlier speech that Moka’s merchandise are notably fashionable amongst Chinese language web corporations.
