![[Global] Immedis secures $50m investment from Lead Edge Capital](http://globalpayrollassociation.com/cdn/shop/articles/RRP_9565_0365_1200x.jpg?v=1607374870)
Leading consolidated global payroll solutions company Immedis today announced that it has secured a $50m strategic investment from Lead Edge Capital, a New York and California-based based growth-stage investment fund. In just 18 months - since the last round of financing led by Scottish Equity Partners, who remain investors in the company - the valuation for the Irish tech company has grown to over $575m.
Lead Edge Capital’s investment will support global growth, including the opening of a West Coast and Singapore office, to service the increased demand from US and APAC clients. Immedis was founded and is majority-owned by Terry Clune of the Clune Technology Group.
In a press release announcing the investment, Ruairi Kelleher - CEO of Immedis - said, “We are proud to be working with Lead Edge Capital, a highly regarded growth equity fund that we have had the pleasure of getting to know well in advance of this transaction. This is an incredibly exciting time for Immedis, our customers, our partners and our employees.”
“Immedis is redefining how organisations are managing global payroll through service and technology. What they have achieved to date is exceptional. The Company is trusted by some of the world’s fastest-growing enterprises like ServiceNow, Uber and Nutanix and we are excited to help fast track the Immedis success story,” adds Brian Neider, Partner at Lead Edge Capital, who will join Immedis’ Board of Directors.
Terry Clune - Founder and Chairman of Immedis - said, “I want to thank our incredible Immedis team for always focusing on building the best. We have an exceptional management team, led by CEO Ruairi Kelleher and Mark Graham with Christine Keily and Richard Limpkin. And we are delighted to be joined by Lead Edge Capital and Brian Neider on the next phase of our growth.”
Source: Immedis
Links via original press release
Leading consolidated global payroll solutions company Immedis today announced that it has secured a $50m strategic investment from Lead Edge Capital, a New York and California-based based growth-stage investment fund. In just 18 months - since the last round of financing led by Scottish Equity Partners, who remain investors in the company - the valuation for the Irish tech company has grown to over $575m.
Lead Edge Capital’s investment will support global growth, including the opening of a West Coast and Singapore office, to service the increased demand from US and APAC clients. Immedis was founded and is majority-owned by Terry Clune of the Clune Technology Group.
In a press release announcing the investment, Ruairi Kelleher - CEO of Immedis - said, “We are proud to be working with Lead Edge Capital, a highly regarded growth equity fund that we have had the pleasure of getting to know well in advance of this transaction. This is an incredibly exciting time for Immedis, our customers, our partners and our employees.”
“Immedis is redefining how organisations are managing global payroll through service and technology. What they have achieved to date is exceptional. The Company is trusted by some of the world’s fastest-growing enterprises like ServiceNow, Uber and Nutanix and we are excited to help fast track the Immedis success story,” adds Brian Neider, Partner at Lead Edge Capital, who will join Immedis’ Board of Directors.
Terry Clune - Founder and Chairman of Immedis - said, “I want to thank our incredible Immedis team for always focusing on building the best. We have an exceptional management team, led by CEO Ruairi Kelleher and Mark Graham with Christine Keily and Richard Limpkin. And we are delighted to be joined by Lead Edge Capital and Brian Neider on the next phase of our growth.”
Source: Immedis
Links via original press release