Matrix Leads $18M Series C Round In Beisen

Chinese cloud-based human resource SaaS (software as a service) firm Beisen has completed RMB110 million (US$18 million) series C round of financing led by Matrix Partners and another unnamed investor, according to Chinese media reports.

Founded in 2002, Beijing-based Beisen received around US$10 million series B funding from Matrix and Sequoia Capital in 2013, according to its website.

Beisen’s iTalent platform provides companies comprehensive human resource services including talent assessment, recruitment, performance management, staff feedback, and survey.

The company’s clients include over 60% of China’s top 500 corporations, says the reports.

China Expert Network