Chilean HRTech Buk raised $50M in a Series B round led by Headline. Workday, Endeavor Catalyst, Greenoaks, and Base10 also participated in the round.
Buk offers companies a platform to manage payroll, track attendance, handle recruitment, evaluate performance, administer benefits, and analyze HR data.
Buk will use the funds to expand to Brazil, invest in marketing and sales in Mexico, invest in research and development, and develop new products like insurance, employee benefits such as meal vouchers, and other financial products.
Founded in 2016, Buk serves over 1.5M employees across 7,000 companies. Buk raised a $5M Series A round 2021 and an additional round of $35M in 2023. With the Series B round, Buk’s valuation reaches $850M.
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