Canada-based Visier has raised $125 million in Series E funding, making it the first HR tech provider to have valuation exceeding $1 billion from the country. Visier also became one of just a few HR tech companies to raise more than $100 million in single round.
Visier provides people analytics to companies, turning employee data into actionable information.
Since its founding in 2010, the company has processed 12 million employee records in 75 countries to facilitate decisions during recruitment, promotion and compensation reviews and reshuffling.
Goldman Sachs led the Series E round, which also drew funds from existing investors Sorenson Capital, Foundation Capital, Summit Partners and Adams Street Partners, which previously rose $95 million in four funding rounds.
Visier says it will further invest in product development and international expansion.
“This investment is key to establishing Visier as the independent global cloud platform for people-related business insights,” said John Schwarz, co-founder and chairman of Visier, in a statement.