eRoad Software secures over RMB200m in Series C3 round by China Renaissance

On July 6, eRoad Software announced the completion of more than 200 million yuan in its Series C3 financing round, exclusively invested by China Renaissance.

On July 6, eRoad Software announced the completion of more than 200 million yuan in its Series C3 financing round, exclusively invested by China Renaissance.

In January of this year, the company just announced the completion of the Series C2 round of financing, bringing the to-date Series C financing amount to over 600 million yuan. The lead investors for the previous rounds include Hillhouse Capital, SIG and Eastern Bell Venture Capital.

Wang Tianyang, CEO of eRoad Software, said that after completing this round of financing, the company will continue to increase investment in the upstream and downstream of the human resources technology industry and related service chains.

Established in 2004, eRoad Software is a one-stop human resources software and service provider, focusing on providing human resources cloud platforms with complex salary management as the core for mid-to-large sized enterprises.

Cloud-based policy library and AI-based intelligent recommendation system covering more than 20 countries and 480 cities in Chinese Mainland can help enterprises in real time to meet the challenges of globalization, tax reform and the integration of “payroll, social insurance, tax and benefits”.

Its mobile Internet-based employee services significantly enhance management efficiency and employee satisfaction.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/09/eroad-software-secures-over-rmb200m-in-series-c3-round-by-china-renaissance/.

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