Payroll Hero, a Philippines and Canada based startup specializing in time, attendance, payroll, and scheduling enterprise software, has announced today that it has raised a USD 1M round from 500 Startups, Hootsuite CEO Ryan Holmes, and LX Ventures.
Other participants in this investment include The Futura Corporation, 8capita Partners, Clarity CEO Dan Martell, Benjamin Joffe, MAKE Technologies founder Christian Cotichini, and other angel investors.
The startup differs from traditional payroll software in that it operates on a SaaS model and uses facial recognition and GPS location to ensure that the right employees clock in at the right time. The software facilitates transparency between employees and management through attendance analytics. Read more
e27, a Singapore-based tech blog and startup events organizer, announced today that it has secured USD 613K in funding from B Dash Ventures in Japan, Pinehurst Advisors from Taiwan, Thailand’s Ardent Capital, Dan Neary from Singapore, as well as other angel investors, whose names are undisclosed.
Founded in 2006, e27 — which stands for Entrepreneurs 27, with the number representing the median age for startup founders worldwide — focuses on reporting tech startup news, technology trends, and personalities in the ecosystem. It is also known for running Echelon, an annual tech startup conference held in Singapore. Other events that the company organizes include Echelon Ignite, a conference for younger startup ecosystems, and Founders Drinks, a monthly meetup around Asia.
With the investment, e27 will focus on broadening its operations in Southeast Asia, exploring more partnerships and joint ventures, growing its editorial team, and expanding the Echelon brand to more Asian cities.
This is its second round of investment; it closed the first round in early 2012 with 8Capita. The company was profitable last year, achieving a 20 percent year-on-year increase in revenue generated from a mix of events, advertising, and consultancy.
While events is the main revenue driver, the company foresees more income coming through advertising and content partnerships. It recently also relaunched 27x.co, essentially a database of startups and investors that’s very similar to CrunchBase.