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Multiplier Secures $35 Million Series B to Acquire Professional Services Firms and Develop AI Tools.

PRIVATEAug 06, 20263 days ago

Amount Raised

$35 Million

Round Type

Series B

Singapore

Description

Multiplier has successfully raised $35 million in a Series B funding round to enhance its strategy of acquiring professional services firms and integrating AI tools into their operations. The funding round was led by The General Partnership, with contributions from Ribbit Capital and Lightspeed Venture Partners, aiming to expand its network across multiple countries.

Company Information

Company

Multiplier

Location

Singapore

About

Beyond streamlining the hiring process, Multiplier also provides an automated HR workflow, compliance, payroll and payments solutions all rolled into one integrated platform, and provides the legal employment infrastructure in over 100 countries. Multiplier is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better in a rapidly evolving Southeast Asian landscape. Founded in Singapore in 2020, Multiplier is a new-age PEO Platform that provides integrated solutions that allow companies to hire talent from anywhere in the world with all compliance taken care of.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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