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Multiplier raises $35 million in Series B funding led by The General Partnership to build AI tools for professional services.

PRIVATEAug 04, 2026•5 days ago

Amount Raised

$35 Million

Round Type

Series B

Singaporeinformation technology & services

Investors

Lightspeed Venture PartnersRibbit CapitalThe General Partnership

Description

Multiplier, a technology company focused on enhancing professional services, has secured $35 million in Series B funding. The investment was led by The General Partnership, with support from Ribbit Capital and Lightspeed Venture Partners. This capital will be used to further develop AI tools for premium services. Additionally, Allen Shim, former CFO of Slack, has joined the company as President and CFO.

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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Strategic

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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
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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