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Charleston-based software firm PeopleMatter raises $16 million

10.29.13_technewsrprt_img_stories_regina-timothy_peoplematter

Charleston-based PeopleMatter announced on Monday that it has secured $16 million in Series E funding bringing its total startup capital kitty to $63 million.

The $16 million funding was led by New York-based StarVest Partners. It included money from all of PeopleMatter’s earlier investors: Harbert Venture Partners, Intersouth Partners, Morgenthaler Ventures, Noro-Mosley Partners, Scale Venture Partners and C&B Capital.

“This investment by StarVest enables us to accelerate the adoption of our innovative, elegant and transformative products in the market for employers who are looking to drive business execution across their business,” PeopleMatter President and CEO Nate DaPore aid.

PeopleMatter is a cloud-based workforce management platform designed for the service industry and hourly workforce.

The company plans to use the funds to accelerate its growth by launching new products, investing in sales and marketing and expanding internationally. The company is still working on it overseas expansion plan, but it will likely focus on Europe first.

At the same time, PeopleMatter is renovating the 10,000-square-foot former Citi Trends store across from its Upper King office. It will serve as temporary space until the completion of new building next door to the firm’s headquarters.

PeopleMatter opened for business in the Charleston Digital Corridor’s Flagship high-tech incubator at East Bay and Calhoun streets in 2009 with three associates.

The firm now has 155 full-time employees.

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