1 year ago
Darwinbox Secures $40M from Teachers’ Venture Growth
Imagine a company called Darwinbox that makes software to help other companies manage their employees.
A big investment group, Teachers’ Venture Growth, gave Darwinbox $40 million to help them grow.
This money will help Darwinbox get bigger in North America, where they already have some famous clients.
This new investment brings Darwinbox's total funding to a large sum.
Teachers’ Venture Growth is part of a bigger group that invests in lots of things, but they use TVG to invest in tech companies.
This investment happened not long after Darwinbox received $140 million from other investors in March.
Darwinbox, an HR tech platform, secured $40 million from Teachers’ Venture Growth (TVG).
TVG, part of Ontario Teachers’ Pension Plan, invested in Darwinbox through primary and secondary transactions.
The recent funding brings Darwinbox's total investment to $320 million.
Darwinbox aims to expand its presence in North America with the new funds.
The investment round follows a $140 million fundraising in March.
- Who
- Teachers’ Venture Growth invested in Darwinbox.
- What
- Darwinbox, an HR tech platform, raised $40 million.
- Where
- Primarily for expansion in North America.
- When
- The recent round of funding.
- Why
- To further expand Darwinbox's presence and growth.
Key facts
- Company
- Darwinbox
- Investor
- Teachers’ Venture Growth (TVG)
- Investment Amount
- $40 million
- Total Funding
- $320 million
- Primary Use of Funds
- North American Expansion
Quotes
Jayant Paleti
Darwinbox co-founder
“HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap.”
livemint.com
“Darwinbox exists to change that story, building the next-gen HCM company, global by design, AI‑first at the core, and relentlessly focused on customer outcomes.”
livemint.com
Darius Vakil
Director of TVG in India
“We look forward to bringing our global network and expertise to support the company’s future growth.”
livemint.com
Sources
Related news
India, Canada Deepen Economic Partnership Beyond Traditional Trade
Sitharaman Pitches India Investment Opportunities to Canadian Financial Giants
Sitharaman Seeks Deeper Canadian Investment Across India’s Growth Sectors
EAAA Alternatives Plans Major Investments in Clean Energy and Commercial Real Estate
