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The Silicon Review Asia

Singapore-based Multiplier Raises $60 Million in Series B

Singapore-based Multiplier Raises $60 Million in Series B

Post the Series B round, Multiplier is valued at $400 million

The Singapore-based global employment platform Multiplier has raised $60 million in its fresh round of funding. Tiger Global and Sequoia India led the Series B. DST Global Partners also joined the round of funding.

The round has brought up the total funding raised to $77.2 million. Post the Series B round; Multiplier is valued at $400 million. The company last raised funding in October 2021.

The company intends to use the fresh funding to invest in its product development, international expansion, and strike partnerships. Multiplier has called its next phase of growth to be the company's most significant.

"We are grateful and extremely fortunate to have the opportunity to work with the best investors and brightest minds. Multiplier's aim is to alleviate the pain points of businesses of all sizes when it comes to hiring, employing and managing talent across the globe compliantly," wrote Multiplier in its company blog.

Multiplier's solutions have been recognized by the likes of G2 and Capterra. The company's solutions help save time and efficiently manage employment, payroll, and compliance.

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