Gunderson Dettmer represented client Greenoaks as it led the $32 million Series B financing of flex, a South Korea-based human resources management platform. The new capital will enable flex to scale its operations, advance its HR automation and SaaS products and increase its headcount.

In the announcement of the transaction, principal at Greenoaks Josh Cho said, “Korea is one of the world’s largest and most dynamic economies but has historically lacked a native solution for companies to manage and pay their employees – leaving businesses frustrated and left to develop their own homegrown solutions. Now, flex is rapidly building the country’s first next-generation human resources information system and payroll platform. We are excited about their vision for an end-to-end product that will let companies handle all their HR functions in a single place, from performance management to recruiting to payroll and more.”

The Gunderson deal team was led by Jolyn Ang and included Soo Guo Kai.

Companies:
Greenoaks
flex