HR solution provider Neocase Software receives 6 million euros

Berlin - Neocase Soft­ware, an inter­na­tio­nal provi­der of an HR manage­ment plat­form, is recei­ving around six million euros in a new round of finan­cing from Entre­pre­neur Venture, Sofiouest and the manage­ment team and long-time share­hol­der Iris Capi­tal. The funds will be used for services for HR digi­tiza­tion in SMEs.

This invest­ment enables Neocase Soft­ware to now target medium-sized compa­nies in addi­tion to large enter­pri­ses and to acce­le­rate inter­na­tio­nal growth — inclu­ding in Germany and Scandinavia.

The SaaS company saw 22 percent growth in 2019 and is targe­ting more than 20 percent growth in 2020 despite the Covid 19 crisis.

HR Digi­tiza­tion Services for SMEs
Neocase Soft­ware has been one of the leading provi­ders in the field of HR service manage­ment for almost two deca­des and has so far prima­rily addres­sed the needs of large compa­nies with more than 10,000 employees. With offices and teams in Paris (head­quar­ters), London, Amster­dam and Boston, Neocase Soft­ware is now further expan­ding its offe­ring in the DACH region and Scan­di­na­via. There, the company alre­ady serves custo­mers in the auto­mo­tive, secu­rity and finan­cial services industries.

Neocase Soft­ware is also expan­ding its R&D and sales programs to make its services available to mid-sized compa­nies with more than 1,500 employees. In this way, HR services in these compa­nies can be digi­ti­zed and the workload redu­ced with the HR Ready© plat­form. This new deve­lo­p­ment is supported by a strong part­ner network consis­ting of soft­ware compa­nies such as Work­day, Talent­soft, CoreHR and service compa­nies such as CGI, TCS, Sopra Steria, etc.

Neocase Soft­ware curr­ently has more than 150 custo­mers world­wide and is active in 180 count­ries directly and through inte­gra­tors. Custo­mers include Société Géné­rale, Air France, Cap Gemini, Thales, World­Bank, Peugeot-Opel, Axa, Sand­vik, UCB, Penn State Univer­sity, Harrods, United Health Service, MGM Resorts, and AG2R La Mondiale.

Didier Moscatelli, CEO of Neocase Soft­ware: “We support compa­nies world­wide in the digi­tiza­tion of HR employee commu­ni­ca­ti­ons. The digi­tiza­tion of commu­ni­ca­tion in the HR envi­ron­ment is an abso­lute must, espe­ci­ally in large compa­nies. Our 15 years of expe­ri­ence is the key that enables compa­nies to improve their Employee Expe­ri­ence. The invest­ment gives us the oppor­tu­nity to now also serve the high demand of mid-sized compa­nies for our SaaS solu­tion and to enter new markets such as the DACH region and Scan­di­na­via. We look forward to this new chap­ter and the support of our inves­tors such as Entre­pre­neur Venture, Iris Capi­tal and Sofiouest.”

Pierre-Alexis De Vauplane, Invest­ment Direc­tor at Entre­pre­neur Venture, comm­ents: “We are plea­sed to provide Neocase Soft­ware with the resour­ces neces­sary to conti­nue to grow. We have been in close cont­act for seve­ral months and are exci­ted about Didier Moscatelli’s dyna­mism. The Corona crisis has also once again shown the poten­tial of Neocase for compa­nies and their employees.”

Curt Gunsen­hei­mer (photo), Mana­ging Part­ner at Iris Capi­tal, adds: “We have been support­ing Neocase Soft­ware for many years. We are proud to now start this inter­na­tio­nal growth phase toge­ther — espe­ci­ally in the DACH region, where we will also promote the new offe­ring for medium-sized compa­nies through our first-class network.”

About Neocase Software
Neocase is an expert in digi­ta­liza­tion in the HR sector. Foun­ded in 2001, the company provi­des SaaS soft­ware solu­ti­ons for HR service centers to improve the employee expe­ri­ence while redu­cing admi­nis­tra­tive costs. With curr­ently more than five million employees in 180 count­ries, Neocase soft­ware solu­ti­ons are used daily by indus­­try-leading compa­nies inclu­ding Société Géné­rale, Chanel, Thales, Air France, AG2R La Mondiale, Tata Commu­ni­ca­ti­ons Services, UCB Pharma, Natio­nal Oil Varco, PSA Group and many more. www.neocasesoftware.com

About Iris Capital
Iris Capi­tal is a Euro­pean venture capi­tal firm specia­li­zing in the digi­tal economy. Iris Capi­tal invests in compa­nies at various stages of growth, from start­ups to late-stage and growth play­ers. Due to its parti­cu­lar specia­liza­tion in indi­vi­dual indus­tries and over 30 years of expe­ri­ence, as well as the support of its corpo­rate spon­sors, Iris Capi­tal actively accom­pa­nies the compa­nies in its own port­fo­lio. Iris Capi­tal has offices in Paris, Berlin, San Fran­cisco, Tel Aviv, Tokyo and Dubai.

Iris­Next is a fund of Iris Capi­tal, backed as inves­tors by leading compa­nies such as Orange, Publi­cis, Valeo and Bridge­stone, as well as finan­cial inves­tors and insti­tu­ti­ons such as Bpifrance and BRED Banque Popu­laire. Its holdings include Adjust, Careem, Happy­Car, Kyriba, Open-Xchange, Mojio, reBuy, Scality, Searchme­trics, Shift Tech­no­logy, Studi­temps, Talend, Talon.One and Unu Motors. www.iriscapital.com