Paris-based Payfit, a payroll and human resource (HR) software company, announced that the company has raised 70 million euros ($79 million) in a fresh financing round.
The round was conducted by French private equity and venture capital firm Eurazeo and Bpifrance have with participation from existing backers, Accel, Frst and Xavier Niel.
Payfit intends to use the money raised from the funding to further develop its HR solution, open further offices in Europe, and double its workforce to 600 people in 2020, and then to 1000 in 2021.
With the latest financing round, the company has so far secured a total funding of $100 million to date.